https://www.taxtmi.com/caselaws?id=35789 The Supreme Court held that the Income Tax Officer lacked jurisdiction to reopen the assessment under section 147 as there was no concrete evidence to support the belief that income had escaped assessment due to the assessee's failure to disclose material facts. The notice issued under section 148 was deemed invalid and quashed, with no costs awarded to either party. en-us Mon, 31 Aug 1981 00:00:00 +0530 Tue, 16 Mar 2010 16:16:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35789 The Supreme Court held that the Income Tax Officer lacked jurisdiction to reopen the assessment under section 147 as there was no concrete evidence to support the belief that income had escaped assessment due to the assessee's failure to disclose material facts. The notice issued under section 148 was deemed invalid and quashed, with no costs awarded to either party. Case-Laws Income Tax Mon, 31 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35789