Reassessment u/s 148 quashed, on issue of notice without valid jurisdiction

Brief Facts: 

1. The appellant is an individual who filed his income tax return for the Assessment Year 2004-05.

2. A notice u/s 148 of the Income Tax Act, 1961 was issued to the assessee in March  2009 on the basis of information received from the Investigation Wing, New Delhi that the appellant had received an entry of Rs.4 lac from one Shri Trilok Chand Bansal on 3rd September 2003 and Rs.4 lac from Shri Subhash Gupta on 4th September 2

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