https://www.taxtmi.com/caselaws?id=57478 Reopening under section 147 is supported where the Assessing Officer has relevant material to form a bona fide belief that income has escaped assessment; conclusive proof is not required at the reopening stage, and the jurisdictional condition is satisfied if the belief rests on material such as cash credits, creditor links, and doubts about genuineness. After the amendment to section 148 effective from 1-4-1989, a notice must allow the statutory minimum period of thirty days; a notice granting only thirty days from service fails to comply with that requirement. The defect is jurisdictional and not curable by waiver or subsequent compliance, so reassessments founded on such notices are invalid and void. en-us Mon, 21 Feb 1994 00:00:00 +0530 Fri, 10 Dec 2010 13:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57478 Reopening under section 147 is supported where the Assessing Officer has relevant material to form a bona fide belief that income has escaped assessment; conclusive proof is not required at the reopening stage, and the jurisdictional condition is satisfied if the belief rests on material such as cash credits, creditor links, and doubts about genuineness. After the amendment to section 148 effective from 1-4-1989, a notice must allow the statutory minimum period of thirty days; a notice granting only thirty days from service fails to comply with that requirement. The defect is jurisdictional and not curable by waiver or subsequent compliance, so reassessments founded on such notices are invalid and void. Case-Laws Income Tax Mon, 21 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57478