https://www.taxtmi.com/caselaws?id=36685 The court found that the notice issued under Section 148 of the Income Tax Act, 1961, proposing to reopen the assessment for a specific year was deemed illegal and void as it was based on audit objections that did not constitute valid "information" as required under Section 147(b). The court clarified that "information" must be derived from an external formal source and not from internal audit party interpretations. Consequently, the court quashed the notice and restrained the respondent from acting upon it, ruling in favor of the petitioner and allowing the special civil application with costs. en-us Tue, 19 Feb 1980 00:00:00 +0530 Wed, 24 Mar 2010 10:22:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36685 The court found that the notice issued under Section 148 of the Income Tax Act, 1961, proposing to reopen the assessment for a specific year was deemed illegal and void as it was based on audit objections that did not constitute valid "information" as required under Section 147(b). The court clarified that "information" must be derived from an external formal source and not from internal audit party interpretations. Consequently, the court quashed the notice and restrained the respondent from acting upon it, ruling in favor of the petitioner and allowing the special civil application with costs. Case-Laws Income Tax Tue, 19 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36685