High Court Rules Assessing Officer's Action Unauthorized Without Belief of Escaped Income u/s 147, Notice 148 Invalid.

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....In the absence of having any reason to believe that income chargeable to tax has escaped assessment for the assessment years under consideration, the assumption of jurisdiction on the part of the Assessing Officer u/s 147 of the Act by issuing notice u/s 148 of the Act is clearly without any authority of law. - HC....