https://www.taxtmi.com/caselaws?id=57388 The Tribunal upheld the Commissioner (Appeals) finding that the notice under section 148 was properly served as the individual who received it was authorized to do so. The Tribunal also validated the reopening of assessment under section 148, emphasizing the reasonable belief of income escaping assessment. It determined that the return filed in response to the notice under section 148 could not be classified under section 139(4) and that the loss declared in this return could not be carried forward under section 80 based on legal precedent. en-us Mon, 23 Apr 1984 00:00:00 +0530 Thu, 09 Dec 2010 18:29:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57388 The Tribunal upheld the Commissioner (Appeals) finding that the notice under section 148 was properly served as the individual who received it was authorized to do so. The Tribunal also validated the reopening of assessment under section 148, emphasizing the reasonable belief of income escaping assessment. It determined that the return filed in response to the notice under section 148 could not be classified under section 139(4) and that the loss declared in this return could not be carried forward under section 80 based on legal precedent. Case-Laws Income Tax Mon, 23 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57388