Reassessment Notice based on primacies material related to bogus purchases is valid

Jugal Kishore Paliwal Vs JCIT (Chhattisgarh High Court) Conclusion: In reassessment it is only required to see whether there is prima facie material before the Assessing Officer to initiate proceedings and other requirements under the law, pre­condition i.e. of taking approval/sanction under Section 151, before issuance of notice under Section 148 is followed or not. Whether there is prima facie material available on the basis of which department can reopen case and not sufficiency or correctness of material to be considered. Held: Assessee was engaged in the business of running rice mill. A...