https://www.taxtmi.com/caselaws?id=61889 The Tribunal held that reassessments for certain years were invalid under Section 147(a) of the IT Act due to a change in judicial interpretation, requiring initiation under Section 147(b). The Tribunal applied Section 150(1) to validate reassessments based on a previous appellate order but clarified that jurisdiction is determined at the time of the original assessment order under Section 150(2). Reassessments for specific years were deemed time-barred, leading to the cancellation of reassessments for those years. Validity of reassessments varied based on compliance with statutory provisions for different assessment years. en-us Tue, 17 Dec 1996 00:00:00 +0530 Sat, 15 Jan 2011 18:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61889 The Tribunal held that reassessments for certain years were invalid under Section 147(a) of the IT Act due to a change in judicial interpretation, requiring initiation under Section 147(b). The Tribunal applied Section 150(1) to validate reassessments based on a previous appellate order but clarified that jurisdiction is determined at the time of the original assessment order under Section 150(2). Reassessments for specific years were deemed time-barred, leading to the cancellation of reassessments for those years. Validity of reassessments varied based on compliance with statutory provisions for different assessment years. Case-Laws Income Tax Tue, 17 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61889