https://www.taxtmi.com/caselaws?id=70546 The Tribunal found the re-assessment under section 147(b) of the IT Act, 1961 to be invalid due to Revenue Audit objections, setting aside the re-assessment and reinstating the original assessment for the assessment year 1968-69. The Tribunal emphasized the importance of correctly applying legal provisions in assessments and adhering to legal principles and precedents. The assessee's appeal was allowed, and the Revenue's appeal was dismissed. en-us Sat, 02 Feb 1980 00:00:00 +0530 Sat, 16 Apr 2011 16:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70546 The Tribunal found the re-assessment under section 147(b) of the IT Act, 1961 to be invalid due to Revenue Audit objections, setting aside the re-assessment and reinstating the original assessment for the assessment year 1968-69. The Tribunal emphasized the importance of correctly applying legal provisions in assessments and adhering to legal principles and precedents. The assessee's appeal was allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Sat, 02 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70546