https://www.taxtmi.com/caselaws?id=28674 The court allowed the writ petition, quashing the notice issued by the ITO under Section 148 of the Income-tax Act, 1961. The court held that the notice was invalid as the escaped income was less than Rs. 50,000 and the notice was issued after a lapse of more than eight years. The court also found that the CBDT had not failed to apply its mind in granting sanction for reopening the assessment. The respondents were directed to pay costs to the petitioner. en-us Fri, 13 May 1983 00:00:00 +0530 Wed, 24 Feb 2010 17:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28674 The court allowed the writ petition, quashing the notice issued by the ITO under Section 148 of the Income-tax Act, 1961. The court held that the notice was invalid as the escaped income was less than Rs. 50,000 and the notice was issued after a lapse of more than eight years. The court also found that the CBDT had not failed to apply its mind in granting sanction for reopening the assessment. The respondents were directed to pay costs to the petitioner. Case-Laws Income Tax Fri, 13 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28674