https://www.taxtmi.com/caselaws?id=37174 The court held that under Article 226 of the Constitution, it can quash notices issued under Section 148 of the Income Tax Act and restrain the Income Tax Officer from further steps. The court determined that observations by the internal audit party constitute "information" under Section 147(b) of the Income Tax Act, allowing for action under this provision. The Income Tax Officer was found to lack sufficient reason to believe that income had escaped assessment, leading to the quashing of the notices under Section 148. Consequently, the court allowed the appeals, reversed the previous order, and directed the respondent to cease proceedings based on the notices. en-us Thu, 28 Sep 1978 00:00:00 +0530 Sat, 27 Mar 2010 11:11:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37174 The court held that under Article 226 of the Constitution, it can quash notices issued under Section 148 of the Income Tax Act and restrain the Income Tax Officer from further steps. The court determined that observations by the internal audit party constitute "information" under Section 147(b) of the Income Tax Act, allowing for action under this provision. The Income Tax Officer was found to lack sufficient reason to believe that income had escaped assessment, leading to the quashing of the notices under Section 148. Consequently, the court allowed the appeals, reversed the previous order, and directed the respondent to cease proceedings based on the notices. Case-Laws Income Tax Thu, 28 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37174