https://www.taxtmi.com/caselaws?id=70809 The reopening of assessments for the assessment years 1975-76 and 1977-78 under Section 147(a) of the Income-tax Act was deemed improper and invalid. The Judicial Member concluded that the assessee had disclosed all necessary facts, and the reopening should have been under Section 147(b), which was time-barred. The Accountant Member disagreed, citing fictitious credits, but the Third Member supported the Judicial Member's view. Consequently, the appeals of the assessee were allowed, and the reassessments under Section 147(a) were invalidated. en-us Mon, 29 Feb 1988 00:00:00 +0530 Tue, 19 Apr 2011 13:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70809 The reopening of assessments for the assessment years 1975-76 and 1977-78 under Section 147(a) of the Income-tax Act was deemed improper and invalid. The Judicial Member concluded that the assessee had disclosed all necessary facts, and the reopening should have been under Section 147(b), which was time-barred. The Accountant Member disagreed, citing fictitious credits, but the Third Member supported the Judicial Member's view. Consequently, the appeals of the assessee were allowed, and the reassessments under Section 147(a) were invalidated. Case-Laws Income Tax Mon, 29 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70809