HC explains Provisions of Section 148A of Income Tax Act, 1961

Abdul Majeed Vs ITO (Rajasthan High Court) High Court held that while passing an order under Section 148A of the Act, the authority is required to reach satisfaction to not only that income chargeable to tax has escaped assessment, but in case where three years have elapsed from the end of the relevant assessment year, the order under Section 148A of the Act for issuance of notice under Section 148 of the Act could be passed if there were no statutory impediment as contained in Section 149 Sub-section (1) (b) of the Act, referred to hereinabove. The authority, as is apparent, sought to bridge ...