https://www.taxtmi.com/caselaws?id=202666 The High Court dismissed the appeal under Section 260A of the Income-tax Act, affirming the Income-tax Appellate Tribunal's decision regarding the Assessment Year 1992-93. The Court upheld the Tribunal's findings on the initiation of proceedings under Section 148 based on confirmed information of concealed income and the jurisdiction to reopen assessments on a mere change of opinion. The Court concluded that the Tribunal's reassessment on the alleged concealment of additional income was justified, emphasizing the significance of prior proceedings in determining tax treatment and the validity of reopening assessments. en-us Fri, 04 Mar 2011 00:00:00 +0530 Mon, 05 Sep 2011 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202666 The High Court dismissed the appeal under Section 260A of the Income-tax Act, affirming the Income-tax Appellate Tribunal's decision regarding the Assessment Year 1992-93. The Court upheld the Tribunal's findings on the initiation of proceedings under Section 148 based on confirmed information of concealed income and the jurisdiction to reopen assessments on a mere change of opinion. The Court concluded that the Tribunal's reassessment on the alleged concealment of additional income was justified, emphasizing the significance of prior proceedings in determining tax treatment and the validity of reopening assessments. Case-Laws Income Tax Fri, 04 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202666