Reopening Notice is without jurisdiction if it do not specify quantum of tax which escaped assessment

Dulraj U. Jain Vs ACIT (Bombay High Court) Section 147 / Section 148– Reasons recorded do not specify, prima-facie, the quantum of tax which has escaped assessment but merely states that it would be atleast be Rs.1,00,000/-. Prima-facie, we are of the view that the reasons recorded do not indicate reasonable belief of the Assessing Officer himself to issue the impugned notice. Thus, prima-facie, the impugned notice is without jurisdiction. FULL TEXT OF THE HIGH COURT ORDER / JUDGMENT 1. Heard. Rule. 2. This petition challenges notice dated 31st March, 2017 issued under Section 14...