https://www.taxtmi.com/caselaws?id=67773 The Tribunal held that the reassessment proceedings initiated by the Assessing Officer under section 147(b) of the Income Tax Act were not valid as they were based solely on legal information provided by the audit party, lacking factual details. The Tribunal quashed the assessment order and dismissed applications seeking reference to the High Court, concluding that no question of law arose. The Tribunal emphasized the audit party's role was limited to legal information, not factual aspects, and affirmed the validity of their decision in quashing the assessment under section 147(b). en-us Mon, 25 May 1981 00:00:00 +0530 Mon, 14 Mar 2011 15:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67773 The Tribunal held that the reassessment proceedings initiated by the Assessing Officer under section 147(b) of the Income Tax Act were not valid as they were based solely on legal information provided by the audit party, lacking factual details. The Tribunal quashed the assessment order and dismissed applications seeking reference to the High Court, concluding that no question of law arose. The Tribunal emphasized the audit party's role was limited to legal information, not factual aspects, and affirmed the validity of their decision in quashing the assessment under section 147(b). Case-Laws Income Tax Mon, 25 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67773