https://www.taxtmi.com/caselaws?id=437900 The HC dismissed the writ petition challenging the notice issued under Section 148A(b) of the Income Tax Act, 1961. The court held that the jurisdictional preconditions for issuing the notice were satisfied, as there was information suggesting that income had escaped assessment due to fictitious purchases. The petitioner's objections, including the request for cross-examination, were rejected. The court emphasized that the merits of the information need not be adjudicated at this stage, and the reassessment process under Section 148 is the appropriate forum for such determinations. The proceedings initiated by the Assessing Officer were affirmed as valid. en-us Fri, 05 May 2023 00:00:00 +0530 Thu, 11 Jan 2024 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437900 The HC dismissed the writ petition challenging the notice issued under Section 148A(b) of the Income Tax Act, 1961. The court held that the jurisdictional preconditions for issuing the notice were satisfied, as there was information suggesting that income had escaped assessment due to fictitious purchases. The petitioner's objections, including the request for cross-examination, were rejected. The court emphasized that the merits of the information need not be adjudicated at this stage, and the reassessment process under Section 148 is the appropriate forum for such determinations. The proceedings initiated by the Assessing Officer were affirmed as valid. Case-Laws Income Tax Fri, 05 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437900