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2002 (8) TMI 68 - GAUHATI HIGH COURT
Reassessment - Failure To Disclose Fully And Truly - Issue of notice - The assessing authority while assessing the income of the assessee has scrutinised those facts and made the order of assessment. On the face of these facts, we cannot reach the conclusion that the foundation is laid by the Department for exercising the powers under section 147/148 of the Income-tax Act, 1961. The notice issued to the assessee by the Department and the further proceedings initiated exercising the powers under section 147/148 of the Act, are quashed. - The appeals are dismissed.