https://www.taxtmi.com/caselaws?id=70218 Factual information in an audit objection can constitute information for reopening where it shows a possible double allowance of gratuity and thus escapement of income; on that basis, reassessment under section 147(b) was validly initiated. The draft assessment procedure under section 144B was held inapplicable to reassessment proceedings, and any consultation with the IAC was treated as a non-prejudicial irregularity that did not invalidate an otherwise lawful reassessment. The jurisdictional objections to reopening and the reassessment were rejected, and the reassessment was sustained on those grounds. en-us Mon, 14 Jun 1982 00:00:00 +0530 Thu, 14 Apr 2011 18:47:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70218 Factual information in an audit objection can constitute information for reopening where it shows a possible double allowance of gratuity and thus escapement of income; on that basis, reassessment under section 147(b) was validly initiated. The draft assessment procedure under section 144B was held inapplicable to reassessment proceedings, and any consultation with the IAC was treated as a non-prejudicial irregularity that did not invalidate an otherwise lawful reassessment. The jurisdictional objections to reopening and the reassessment were rejected, and the reassessment was sustained on those grounds. Case-Laws Income Tax Mon, 14 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70218