https://www.taxtmi.com/caselaws?id=66255 The Appellate Tribunal held that the assessing officer exceeded jurisdiction by disallowing rate differences under section 147(b) after reopening the assessment under section 147(a) beyond the prescribed period. It emphasized the distinction between the two sections and the need for proper grounds for invoking each. The Tribunal ruled that once an assessment is finalized, it cannot be revisited unless through legal means, stating that the assessing officer's power under section 147(a) does not extend to matters falling under section 147(b) after the time limit. The reassessment was canceled, and the original assessment was restored, allowing the appeal. en-us Mon, 14 Jun 1976 00:00:00 +0530 Wed, 23 Feb 2011 12:04:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66255 The Appellate Tribunal held that the assessing officer exceeded jurisdiction by disallowing rate differences under section 147(b) after reopening the assessment under section 147(a) beyond the prescribed period. It emphasized the distinction between the two sections and the need for proper grounds for invoking each. The Tribunal ruled that once an assessment is finalized, it cannot be revisited unless through legal means, stating that the assessing officer's power under section 147(a) does not extend to matters falling under section 147(b) after the time limit. The reassessment was canceled, and the original assessment was restored, allowing the appeal. Case-Laws Income Tax Mon, 14 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66255