https://www.taxtmi.com/caselaws?id=426521 The court found the notice issued under Section 148 of the Income Tax Act to be invalid as the respondents failed to provide evidence of alleged cash deposits, directing them to justify their actions. The Re-Assessment Order for the Assessment Year 2017-18 was criticized for lacking material evidence and disregarding the petitioner's denial, leading to interim relief for the petitioner and a warning of potential costs against the respondents for their arbitrary conduct. The court emphasized the importance of adhering to principles of natural justice and the rule of law, adjourning the matter for further hearing. en-us Thu, 14 Jul 2022 00:00:00 +0530 Sat, 20 Aug 2022 08:24:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426521 The court found the notice issued under Section 148 of the Income Tax Act to be invalid as the respondents failed to provide evidence of alleged cash deposits, directing them to justify their actions. The Re-Assessment Order for the Assessment Year 2017-18 was criticized for lacking material evidence and disregarding the petitioner's denial, leading to interim relief for the petitioner and a warning of potential costs against the respondents for their arbitrary conduct. The court emphasized the importance of adhering to principles of natural justice and the rule of law, adjourning the matter for further hearing. Case-Laws Income Tax Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426521