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The Tax PublishersIT Reference No. 18 of 1998 2009 TaxPub(DT) 0118 (P&H-HC) : (2009) 311 ITR 0038 : (2008) 168 TAXMAN 0039 CIT, v. Smt. Paramjit Kaur INCOME TAX ACT, 1961 Reassessment - Validity -AO made reassessment on basis of department survey AO had initiated reassessment proceedings on basis of department survey wing information that a demand draft prepared by assessee was not accounted for in her books of account. *Held:* Since, AO had not examined and corroborated information so received before initiation reassessment proceedings, and thus, AO had acted only on basis of suspicio, therefore, notice under section 148 for reassessment proceedings on basis of reasons to suspect was not valid in law. Income-tax Act, 1961, Section 147 A.Y. : 1989-90 Decision: In favour of assessee. Case Law Analysis :ITO v. Lakhmani Mewal Das [1976] 103 ITR 437 (SC) [Para 5]. CIT, v. Smt. Paramjit Kaur SUBSCRIBE FOR FULL CONTENT

The Tax PublishersIT Reference No. 18 of 1998
2009 TaxPub(DT) 0118 (P&H-HC) : (2009) 311 ITR 0038 : (2008) 168 TAXMAN 0039

CIT, v. Smt. Paramjit Kaur

INCOME TAX ACT, 1961

Reassessment - Validity -AO made reassessment on basis of department survey

AO had initiated reassessment proceedings on basis of department survey wing information that a demand draft prepared by assessee was not accounted for in her books of account. Held: Since, AO had not examined and corroborated information so received before initiation reassessment proceedings, and thus, AO had acted only on basis of suspicio, therefore, notice under section 148 for reassessment proceedings on basis of reasons to suspect was not valid in law.

Income-tax Act, 1961, Section 147

A.Y. : 1989-90
Decision: In favour of assessee.

Case Law Analysis :ITO v. Lakhmani Mewal Das [1976] 103 ITR 437 (SC) [Para 5].

CIT, v. Smt. Paramjit Kaur