https://www.taxtmi.com/caselaws?id=38723 The court upheld the validity of reassessment notices issued under Section 148 of the Income-tax Act, finding that the Income-tax Officer had reasonable grounds to believe income had escaped assessment. Jurisdiction to issue the notices was confirmed based on the ITO's compliance with conditions set by precedent. The court determined that the ITO had adequate material to support the belief of income escapement and had followed procedural requirements, including obtaining the Commissioner's sanction. The Commissioner's permission for reassessment was deemed to be based on sufficient material, and not a mechanical decision. The petition challenging the reassessment notices was dismissed, with costs awarded against the petitioner. en-us Wed, 24 Nov 1976 00:00:00 +0530 Thu, 08 Apr 2010 15:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38723 The court upheld the validity of reassessment notices issued under Section 148 of the Income-tax Act, finding that the Income-tax Officer had reasonable grounds to believe income had escaped assessment. Jurisdiction to issue the notices was confirmed based on the ITO's compliance with conditions set by precedent. The court determined that the ITO had adequate material to support the belief of income escapement and had followed procedural requirements, including obtaining the Commissioner's sanction. The Commissioner's permission for reassessment was deemed to be based on sufficient material, and not a mechanical decision. The petition challenging the reassessment notices was dismissed, with costs awarded against the petitioner. Case-Laws Income Tax Wed, 24 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38723