https://www.taxtmi.com/caselaws?id=71404 The ITAT upheld the validity of the reassessment under section 147(b) based on the AAC's direction, ruling that the AAC's finding on the correct legal position constituted information for the ITO to initiate assessment proceedings. The judgment emphasized the significance of superior authority decisions as information for reopening assessments, confirming the legality of the reassessment for the assessment year 1978-79. en-us Tue, 13 Mar 1984 00:00:00 +0530 Sat, 23 Apr 2011 12:04:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71404 The ITAT upheld the validity of the reassessment under section 147(b) based on the AAC's direction, ruling that the AAC's finding on the correct legal position constituted information for the ITO to initiate assessment proceedings. The judgment emphasized the significance of superior authority decisions as information for reopening assessments, confirming the legality of the reassessment for the assessment year 1978-79. Case-Laws Income Tax Tue, 13 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71404