https://www.taxtmi.com/caselaws?id=61897 The Tribunal upheld the validity of the reassessment under Section 147(a) and the inclusion of other escaped incomes in the reassessment. Despite the finding that the income from the foreign liquor shop did not belong to the assessee, the reassessment was deemed valid, and the Assessing Officer was justified in taxing other items of escaped income. The Tribunal held that the original assessment was properly reopened based on materials gathered during the search, allowing for the assessment of all income that had escaped assessment. en-us Fri, 28 Nov 1997 00:00:00 +0530 Sat, 15 Jan 2011 18:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61897 The Tribunal upheld the validity of the reassessment under Section 147(a) and the inclusion of other escaped incomes in the reassessment. Despite the finding that the income from the foreign liquor shop did not belong to the assessee, the reassessment was deemed valid, and the Assessing Officer was justified in taxing other items of escaped income. The Tribunal held that the original assessment was properly reopened based on materials gathered during the search, allowing for the assessment of all income that had escaped assessment. Case-Laws Income Tax Fri, 28 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61897