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Section 148: Belief by AO Requires Tangible Evidence, Not Suspicion
Case Law Details
- Case Name
- Saraswati Petrochem Pvt. Ltd. Vs ITO (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All High Courts, Delhi High Court
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Saraswati Petrochem Pvt. Ltd. Vs ITO (Delhi High Court)
Delhi High Court quashes notice u/s 148 for AY 2011-12, emphasizing lack of tangible material. Learn key insights on reassessment proceedings.
Introduction: The writ petition against proceedings under Section 148 of the Income-tax Act, 1961 involves Saraswati Petrochem Pvt. Ltd. challenging the initiation of assessment/reassessment for AY 2011-12. The AO issued the impugned notice based on a belief that income had escaped assessment.
AO’s Obligation to Furnish Material: The AO is obligated to provide material suppor...
