https://www.taxtmi.com/caselaws?id=6518 SC examined the validity of a reassessment notice under Income Tax Act section 148. The court determined that audit department notes constitute valid "information" for reopening an assessment. The notice was found legitimate, as the audit department can provide legal insights leading to reassessment. The appeal was allowed, affirming the Income-tax Officer's authority to reexamine the original tax assessment based on new information. en-us Thu, 11 Aug 1977 00:00:00 +0530 Sat, 12 Apr 2025 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6518 SC examined the validity of a reassessment notice under Income Tax Act section 148. The court determined that audit department notes constitute valid "information" for reopening an assessment. The notice was found legitimate, as the audit department can provide legal insights leading to reassessment. The appeal was allowed, affirming the Income-tax Officer's authority to reexamine the original tax assessment based on new information. Case-Laws Income Tax Thu, 11 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6518