https://www.taxtmi.com/caselaws?id=226217 The High Court upheld the Tribunal's decision in favor of the assessee against the Revenue regarding the validity of the Inspector's report as "information" for reassessment and the justification for reopening the assessment under Section 147 (b). However, the High Court ruled in favor of the Revenue on the legality of reopening the assessment under Section 147 (b) after the completion of the assessment under Section 143 (3) (b). The High Court allowed the reassessment proceedings to proceed, disagreeing with the Tribunal's interpretation and finding no grounds to interfere with the Tribunal's order. en-us Fri, 12 Apr 2013 00:00:00 +0530 Mon, 22 Apr 2013 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226217 The High Court upheld the Tribunal's decision in favor of the assessee against the Revenue regarding the validity of the Inspector's report as "information" for reassessment and the justification for reopening the assessment under Section 147 (b). However, the High Court ruled in favor of the Revenue on the legality of reopening the assessment under Section 147 (b) after the completion of the assessment under Section 143 (3) (b). The High Court allowed the reassessment proceedings to proceed, disagreeing with the Tribunal's interpretation and finding no grounds to interfere with the Tribunal's order. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226217