https://www.taxtmi.com/caselaws?id=66597 The Tribunal upheld the validity of the reopening under section 147(b) of the Income-tax Act, finding that the information from earlier Tribunal orders justified the reassessment. The reassessment was deemed not time-barred under section 149(1)(b) due to the applicability of section 150(1) and section 153(3), Explanation 2. The Tribunal also ruled against excluding a portion of perquisites for official use, affirming the full value inclusion in the assessee's income. The decision was based on legal principles and precedents, resulting in the dismissal of the appeal. en-us Sun, 07 Jul 1985 00:00:00 +0530 Sat, 05 Mar 2011 10:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66597 The Tribunal upheld the validity of the reopening under section 147(b) of the Income-tax Act, finding that the information from earlier Tribunal orders justified the reassessment. The reassessment was deemed not time-barred under section 149(1)(b) due to the applicability of section 150(1) and section 153(3), Explanation 2. The Tribunal also ruled against excluding a portion of perquisites for official use, affirming the full value inclusion in the assessee's income. The decision was based on legal principles and precedents, resulting in the dismissal of the appeal. Case-Laws Income Tax Sun, 07 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66597