https://www.taxtmi.com/caselaws?id=26778 The court invalidated a notice issued under section 148 of the Income-tax Act due to insufficient valid material supporting the Income-tax Officer's belief of escaped income assessment. The notice was based on revoked adjudication and appeal orders, lacking legal validity. Emphasizing the necessity of concrete evidence for reassessment, the court quashed the notice, highlighting the importance of a reasonable belief supported by valid material. The decision stresses the procedural and evidentiary standards required for tax reassessment actions under the Act. en-us Wed, 12 Dec 1984 00:00:00 +0530 Mon, 08 Feb 2010 13:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26778 The court invalidated a notice issued under section 148 of the Income-tax Act due to insufficient valid material supporting the Income-tax Officer's belief of escaped income assessment. The notice was based on revoked adjudication and appeal orders, lacking legal validity. Emphasizing the necessity of concrete evidence for reassessment, the court quashed the notice, highlighting the importance of a reasonable belief supported by valid material. The decision stresses the procedural and evidentiary standards required for tax reassessment actions under the Act. Case-Laws Income Tax Wed, 12 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26778