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2008 (8) TMI 18 - HC - Income Tax
Re-assessment proceedings - Validity of notice issued u/s 148 - In absence of the finding that escapement in income had occurred by reason of failure on the part of the assessee, action taken by the Assessing Officer is wholly without jurisdiction - invocation of Section 147, the issuance of the notice under Section 148 and the subsequent order on the objections are all without jurisdiction - impugned notice u/s 148 as well as the reassessment proceedings pursuant thereto are quashed