https://www.taxtmi.com/caselaws?id=64802 The Tribunal ruled in favor of the assessee, finding the reassessment proceedings invalid under Section 147(a) as primary facts were fully disclosed, and the AO's belief was based on information from another officer, not new material facts. Additionally, the addition of Rs. 2,50,000 as income from other sources was deemed unsustainable due to lack of concrete evidence and procedural fairness, leading to the deletion of the said amount from the assessee's income. en-us Wed, 04 Jun 1997 00:00:00 +0530 Thu, 10 Feb 2011 10:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64802 The Tribunal ruled in favor of the assessee, finding the reassessment proceedings invalid under Section 147(a) as primary facts were fully disclosed, and the AO's belief was based on information from another officer, not new material facts. Additionally, the addition of Rs. 2,50,000 as income from other sources was deemed unsustainable due to lack of concrete evidence and procedural fairness, leading to the deletion of the said amount from the assessee's income. Case-Laws Income Tax Wed, 04 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64802