https://www.taxtmi.com/caselaws?id=205853 The High Court upheld the Income-tax Officer's authority to abandon rectification proceedings under section 154 and proceed with an income escaping assessment under section 147 for the same assessment year. The reassessment under section 147 was deemed valid despite dropping rectification proceedings without issuing an express order, emphasizing the Assessing Officer's discretion in choosing the appropriate course of action under the Income-tax Act. en-us Mon, 17 Jan 2011 00:00:00 +0530 Mon, 26 Mar 2012 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205853 The High Court upheld the Income-tax Officer's authority to abandon rectification proceedings under section 154 and proceed with an income escaping assessment under section 147 for the same assessment year. The reassessment under section 147 was deemed valid despite dropping rectification proceedings without issuing an express order, emphasizing the Assessing Officer's discretion in choosing the appropriate course of action under the Income-tax Act. Case-Laws Income Tax Mon, 17 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205853