https://www.taxtmi.com/caselaws?id=5725 Internal audit information exposing a factual mistake or overlooked fact in the original assessment can constitute valid "information" for reopening under section 147(b) of the Income-tax Act, 1961. Here, the deduction under section 80G had been allowed on the footing that the charitable trust remained recognised, but the audit party pointed out that the recognition had expired before the relevant accounting years. As this was a factual omission rather than an audit opinion on law, reassessment was held valid in law and the Revenue succeeded. en-us Wed, 01 Oct 1997 00:00:00 +0530 Sat, 11 Oct 2025 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5725 Internal audit information exposing a factual mistake or overlooked fact in the original assessment can constitute valid "information" for reopening under section 147(b) of the Income-tax Act, 1961. Here, the deduction under section 80G had been allowed on the footing that the charitable trust remained recognised, but the audit party pointed out that the recognition had expired before the relevant accounting years. As this was a factual omission rather than an audit opinion on law, reassessment was held valid in law and the Revenue succeeded. Case-Laws Income Tax Wed, 01 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5725