Just a moment...

Report
FeedbackReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home /

1993 (6) TMI 18

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e Inspecting Assistant Commissioner of Income-tax, Range-I, Bombay, in exercise of the powers under section 148 of the Income-tax Act, 1961, informed the petitioners that it is proposed to reassess the income for the assessment year 1978-79, as the officer had reason to believe that income of Rs. 16,02,360 had escaped assessment within the meaning of section 147 of the Income-tax Act. On receipt o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ly illegal and unsustainable. Learned counsel submitted that it is now well-settled by a catena of decisions that before exercise of the powers under section 148 of the Act, it is incumbent upon the officer to record the reasons for the exercise of such powers. Shri Dastoor submits and in our judgment very correctly, that the respondents have not cared to produce the reasons recorded by the office....