https://www.taxtmi.com/caselaws?id=416330 The court ruled in favor of the petitioner, finding the impugned notice and order under Section 148 of the Income Tax Act, 1961 for A.Y. 2014-15 to be unsustainable due to errors and lack of proper application of mind. Emphasizing the importance of correct facts, the court quashed and set aside the notice and order, highlighting the necessity for the Assessing Officer to have a valid reason to believe that income chargeable to tax has escaped assessment. en-us Wed, 22 Dec 2021 00:00:00 +0530 Sat, 25 Dec 2021 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416330 The court ruled in favor of the petitioner, finding the impugned notice and order under Section 148 of the Income Tax Act, 1961 for A.Y. 2014-15 to be unsustainable due to errors and lack of proper application of mind. Emphasizing the importance of correct facts, the court quashed and set aside the notice and order, highlighting the necessity for the Assessing Officer to have a valid reason to believe that income chargeable to tax has escaped assessment. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416330