https://www.taxtmi.com/caselaws?id=413217 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, quashing the notice under Section 148 and canceling the assessment. It found the notice was based on suspicion without tangible material or sufficient reasons. Emphasizing the need for a reasonable belief supported by concrete evidence, the Tribunal dismissed the revenue's appeal and deemed the Assessee's cross-objection infructuous. en-us Fri, 24 Sep 2021 00:00:00 +0530 Wed, 06 Oct 2021 21:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413217 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, quashing the notice under Section 148 and canceling the assessment. It found the notice was based on suspicion without tangible material or sufficient reasons. Emphasizing the need for a reasonable belief supported by concrete evidence, the Tribunal dismissed the revenue's appeal and deemed the Assessee's cross-objection infructuous. Case-Laws Income Tax Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413217