https://www.taxtmi.com/caselaws?id=67855 Reassessment under section 147(b) requires subsequent information as a precedent condition, even where the original assessment is alleged to contain an error of law or an excessive deduction. A mere mistake or oversight in the original assessment does not by itself justify reopening; the information must come from an external source, the existing record, or further factual or legal investigation. On the stated facts, no such information reaching the Income-tax Officer before reopening was established. If the issue was only a patent error, rectification was the proper course rather than reassessment. en-us Thu, 15 Dec 1983 00:00:00 +0530 Tue, 15 Mar 2011 10:45:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67855 Reassessment under section 147(b) requires subsequent information as a precedent condition, even where the original assessment is alleged to contain an error of law or an excessive deduction. A mere mistake or oversight in the original assessment does not by itself justify reopening; the information must come from an external source, the existing record, or further factual or legal investigation. On the stated facts, no such information reaching the Income-tax Officer before reopening was established. If the issue was only a patent error, rectification was the proper course rather than reassessment. Case-Laws Income Tax Thu, 15 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67855