https://www.taxtmi.com/caselaws?id=5776 Reassessment under section 148 of the Income-tax Act can validly be initiated where the Income-tax Officer relies on a later judicial decision as information coming to his notice. The Supreme Court held that the Gujarat High Court ruling in Banyan and Berry constituted sufficient information for reopening, and the omission to expressly refer to that decision in the notice did not invalidate the reassessment notice. The High Court's contrary view was incorrect, and the notice was upheld, with the writ petition liable to be dismissed. en-us Fri, 12 Feb 1999 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5776 Reassessment under section 148 of the Income-tax Act can validly be initiated where the Income-tax Officer relies on a later judicial decision as information coming to his notice. The Supreme Court held that the Gujarat High Court ruling in Banyan and Berry constituted sufficient information for reopening, and the omission to expressly refer to that decision in the notice did not invalidate the reassessment notice. The High Court's contrary view was incorrect, and the notice was upheld, with the writ petition liable to be dismissed. Case-Laws Income Tax Fri, 12 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5776