https://www.taxtmi.com/caselaws?id=214801 The High Court upheld the Tribunal's decision in a case concerning the validity of reassessment proceedings under Section 147 of the Income Tax Act for the Assessment Year 2002-03. The Court found that there was no fresh tangible material to support the belief of income escaping assessment, as the issues had already been addressed during the original assessment. The appeal was dismissed, with no order as to costs. en-us Thu, 05 Jul 2012 00:00:00 +0530 Wed, 23 Jan 2013 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214801 The High Court upheld the Tribunal's decision in a case concerning the validity of reassessment proceedings under Section 147 of the Income Tax Act for the Assessment Year 2002-03. The Court found that there was no fresh tangible material to support the belief of income escaping assessment, as the issues had already been addressed during the original assessment. The appeal was dismissed, with no order as to costs. Case-Laws Income Tax Thu, 05 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214801