https://www.taxtmi.com/caselaws?id=26437 The Court quashed the notices issued under section 148 of the Income-tax Act for assessment years 1966-67, 1967-68, and 1969-70. It held that the Income-tax Officer lacked grounds for reopening assessments in the first two years as the assessee had disclosed necessary information. For the subsequent years, the Court emphasized the necessity of clear evidence before initiating proceedings under section 147(a), ruling that the Officer's actions lacked a prima facie basis for jurisdiction. Proper grounds and investigation were deemed essential before reopening assessments. en-us Wed, 15 Jan 1986 00:00:00 +0530 Fri, 05 Feb 2010 10:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26437 The Court quashed the notices issued under section 148 of the Income-tax Act for assessment years 1966-67, 1967-68, and 1969-70. It held that the Income-tax Officer lacked grounds for reopening assessments in the first two years as the assessee had disclosed necessary information. For the subsequent years, the Court emphasized the necessity of clear evidence before initiating proceedings under section 147(a), ruling that the Officer's actions lacked a prima facie basis for jurisdiction. Proper grounds and investigation were deemed essential before reopening assessments. Case-Laws Income Tax Wed, 15 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26437