1993 (6) TMI 18 - HC - Income Tax

Summary

The High Court of Bombay ruled in favor of the petitioners, stating that the notice issued under section 148 of the Income-tax Act was illegal and unsustainable because the officer did not provide recorded reasons for reassessment. The court found that the letter from the officer was not a sufficient substitute for the required recorded reasons. The petition was granted, and no costs were awarded. (Case citation: 1993 (6) TMI 18 - BOMBAY High Court)