https://www.taxtmi.com/caselaws?id=65743 The Tribunal ruled in favor of the assessee, holding that the reassessment proceedings under s. 147(b) were unwarranted as the Income Tax Officer had all necessary information during the original assessments. The Tribunal found that the reassessment was not based on new information as required by s. 147(b), leading to the quashing of the reassessment notices and the Commissioner's order. en-us Thu, 09 Aug 1979 00:00:00 +0530 Fri, 18 Feb 2011 15:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65743 The Tribunal ruled in favor of the assessee, holding that the reassessment proceedings under s. 147(b) were unwarranted as the Income Tax Officer had all necessary information during the original assessments. The Tribunal found that the reassessment was not based on new information as required by s. 147(b), leading to the quashing of the reassessment notices and the Commissioner's order. Case-Laws Income Tax Thu, 09 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65743