1998 (2) TMI 120 - HC - Income Tax

Adequate Consideration, Fixed Deposit, Household Expenses, Interest Income, Protective Assessment

Summary

The writ petition was filed against notices under section 148 of the Income-tax Act for assessment years 1986-87 to 1990-91. A previous petition on the same grounds was dismissed by the court. The petitioner cannot file a second petition on the same grounds and should approach a higher court if aggrieved. The writ petition was dismissed without considering the merits of the case.