1995 (3) TMI 5 - SC - Income Tax

Mines And Quarries - Reassessment - Letter shows that a joint inspection was conducted in the colliery of the respondent by the officers of the Mining Dept. in presence of representatives of the assessee - It gives a reasonably specific estimate of the excessive coal-mining said to have been done by the respondent over and above the figure disclosed by it in its returns - notice are held valid as there was relevant material, on which a reasonable person could have formed the requisite belief