https://www.taxtmi.com/caselaws?id=31276 The Court held that the Assessing Officer lacked valid reasons to believe that income had escaped assessment due to the assessee's failure to disclose material facts fully and truly. Consequently, the notice issued under Section 148 of the Income Tax Act was deemed invalid. The Court set aside the order and allowed the Writ Appeal, emphasizing the necessity for compliance with statutory requirements under Sections 147 and 148 of the Income Tax Act. en-us Thu, 28 Aug 2008 00:00:00 +0530 Sat, 25 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31276 The Court held that the Assessing Officer lacked valid reasons to believe that income had escaped assessment due to the assessee's failure to disclose material facts fully and truly. Consequently, the notice issued under Section 148 of the Income Tax Act was deemed invalid. The Court set aside the order and allowed the Writ Appeal, emphasizing the necessity for compliance with statutory requirements under Sections 147 and 148 of the Income Tax Act. Case-Laws Income Tax Thu, 28 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31276