Validity of Reassessment Notice U/s 148 ‘based on information received from Revenue Audit’

HIGH COURT OF DELHI Xerox Modicorp Ltd. versus Deputy Commissioner of Income-tax W.P. (C) Nos. 8483, 8485 & 8486 of 2010 January 2, 2013 ORDER R.V. Easwar, J  These are three writ petitions filed by the petitioner which is a company engaged in the export of software, manufacture of photocopiers and trading in fax, paper and toner. They are directed against reassessment proceedings initiated by issue of notices under section 148 of the Income Tax Act, 1961. 2. W.P. (C) Nos.8483 & 8486/2010 relate to the proceedings for the assessment years 2002-03 and 2003-04 respectiv...