https://www.taxtmi.com/caselaws?id=62970 The Tribunal held that section 144B applies to reassessments under section 147 of the Income-tax Act, 1961, emphasizing its procedural benefits for the assessee. It clarified that assessments initiated under section 147 are completed under section 143(3) or 144, with section 144B's provisions applying. The Tribunal upheld the ITO's use of section 147(a) to reopen the assessment due to the assessee's failure to disclose material particulars. Specific additions made by the ITO were mostly confirmed, except for the direction to further investigate the sale proceeds of agricultural land. The appeal was partly allowed, with the decision treated as partly allowed for statistical purposes. en-us Sun, 30 May 1982 00:00:00 +0530 Tue, 25 Jan 2011 19:11:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62970 The Tribunal held that section 144B applies to reassessments under section 147 of the Income-tax Act, 1961, emphasizing its procedural benefits for the assessee. It clarified that assessments initiated under section 147 are completed under section 143(3) or 144, with section 144B's provisions applying. The Tribunal upheld the ITO's use of section 147(a) to reopen the assessment due to the assessee's failure to disclose material particulars. Specific additions made by the ITO were mostly confirmed, except for the direction to further investigate the sale proceeds of agricultural land. The appeal was partly allowed, with the decision treated as partly allowed for statistical purposes. Case-Laws Income Tax Sun, 30 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62970