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1995 (4) TMI 47 - HC - Income Tax
Extract:
.......hy the basis of valuing of assets earlier is considered by him to be erroneous. In our opinion, necessary conditions for issuing notice under section 148 read with section 147 of the Act have not been satisfied. Hence, notice dated March 18, 1994, cannot be sustained and is hereby quashed. Rule is made absolute. There shall be no order as to costs.