https://www.taxtmi.com/caselaws?id=7377 The assessing authority could either assess an association of persons as such or assess the members individually, but once it had sufficient material at the original stage and consciously chose one course, reassessment could not be used to reverse that election on the same facts. Section 148 required a genuine jurisdictional basis for escapement, such as absent or concealed primary facts, and not a mere change of approach after a completed assessment. As the earlier assessment had been made with full awareness of the joint venture and no reservation was kept for a further assessment of the association, the reassessment notice was without jurisdiction. en-us Mon, 01 Jul 1968 00:00:00 +0530 Thu, 19 Feb 2009 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7377 The assessing authority could either assess an association of persons as such or assess the members individually, but once it had sufficient material at the original stage and consciously chose one course, reassessment could not be used to reverse that election on the same facts. Section 148 required a genuine jurisdictional basis for escapement, such as absent or concealed primary facts, and not a mere change of approach after a completed assessment. As the earlier assessment had been made with full awareness of the joint venture and no reservation was kept for a further assessment of the association, the reassessment notice was without jurisdiction. Case-Laws Income Tax Mon, 01 Jul 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7377