1997 (2) TMI 568 - SCH - Income Tax

Summary

The Supreme Court dismissed the appeal filed by the Revenue in a case where the respondent was served with a notice under Section 148 of the Income Tax Act, 1961 for the Assessment Year 1959-60. The Court held that all primary or material facts were disclosed during the original assessment, making the proceedings under Section 147 unsustainable and without jurisdiction. The appeal was dismissed.