https://www.taxtmi.com/caselaws?id=5712 The Supreme Court dismissed the appeal, ruling that the Income-tax Officer's reopening of the assessment was unsustainable. The Court held that neither section 147(a) nor 147(b) applied as there was no failure to disclose necessary facts by the assessee. Additionally, converting reassessment proceedings from section 147(a) to 147(b) without issuing a fresh notice was deemed unsustainable. The Court upheld the decision to set aside the Appellate Assistant Commissioner's order and directed the Income-tax Officer to follow section 144B for reassessment, emphasizing the proper application of relevant provisions of the Income-tax Act. en-us Thu, 04 Feb 1999 00:00:00 +0530 Thu, 27 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5712 The Supreme Court dismissed the appeal, ruling that the Income-tax Officer's reopening of the assessment was unsustainable. The Court held that neither section 147(a) nor 147(b) applied as there was no failure to disclose necessary facts by the assessee. Additionally, converting reassessment proceedings from section 147(a) to 147(b) without issuing a fresh notice was deemed unsustainable. The Court upheld the decision to set aside the Appellate Assistant Commissioner's order and directed the Income-tax Officer to follow section 144B for reassessment, emphasizing the proper application of relevant provisions of the Income-tax Act. Case-Laws Income Tax Thu, 04 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5712