2003 (8) TMI 6 - SCH - Income Tax

High Court was right in holding that the show cause notice issued was too vague and did not disclose the reasons thereof nor the material considered by the appropriate authority in reaching a tentative conclusion was disclosed and, therefore, the whole proceedings stood vitiated and thereby quashed the said notice

Summary

The Supreme Court upheld the High Court's decision to quash a show cause notice in a proceeding under Chapter XX-C of the Income-tax Act, 1961, citing that the notice was too vague and lacked disclosure of reasons and material considered. The High Court referred to previous decisions and the Supreme Court dismissed the appeals accordingly.