https://www.taxtmi.com/caselaws?id=430555 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act, 1961 for the assessment year 2015-16, emphasizing the need for tangible material indicating income escapement, rather than conclusive proof. It rejected the petitioner's argument of non-application of mind by the approving authority under Section 151 of the Act, stating there was sufficient application of mind. The court emphasized the importance of raising all grounds during assessment proceedings and utilizing available legal remedies, ultimately dismissing the petition. en-us Thu, 07 Apr 2022 00:00:00 +0530 Mon, 21 Nov 2022 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430555 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act, 1961 for the assessment year 2015-16, emphasizing the need for tangible material indicating income escapement, rather than conclusive proof. It rejected the petitioner's argument of non-application of mind by the approving authority under Section 151 of the Act, stating there was sufficient application of mind. The court emphasized the importance of raising all grounds during assessment proceedings and utilizing available legal remedies, ultimately dismissing the petition. Case-Laws Income Tax Thu, 07 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430555