https://www.taxtmi.com/caselaws?id=424280 The Bombay High Court quashed a notice issued under Section 148 of the Income Tax Act for Assessment Year 2012-2013. The Court found that the Commissioner had endorsed satisfaction on reasons recorded by the Assessing Officer without proper consideration, noting errors and contradictions in the reasons provided. The Court emphasized the need for the Commissioner to apply his mind before endorsing satisfaction. Due to discrepancies in the reasons and lack of satisfactory sanction, the Court allowed the petition, ruling against the notice. No costs were awarded in the disposition of the petition. en-us Tue, 07 Dec 2021 00:00:00 +0530 Sat, 25 Jun 2022 09:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424280 The Bombay High Court quashed a notice issued under Section 148 of the Income Tax Act for Assessment Year 2012-2013. The Court found that the Commissioner had endorsed satisfaction on reasons recorded by the Assessing Officer without proper consideration, noting errors and contradictions in the reasons provided. The Court emphasized the need for the Commissioner to apply his mind before endorsing satisfaction. Due to discrepancies in the reasons and lack of satisfactory sanction, the Court allowed the petition, ruling against the notice. No costs were awarded in the disposition of the petition. Case-Laws Income Tax Tue, 07 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424280