https://www.taxtmi.com/caselaws?id=8895 Estoppel based on a party's prior representation of fact binds only within the same assessment where prejudice has occurred; it does not override statutory taxing provisions or bind a Tribunal in separate subsequent assessments. Where a matter was remanded and the remand produced a concluded factual determination that the father had the wherewithal to make the investments, that factual finding controls and cannot be disregarded by invoking estoppel in a later appeal. Consequently, the investments could not be treated as the assessee's undisclosed income for the specified assessment years and estoppel could not bar the assessee from contesting ownership. en-us Fri, 07 Apr 1972 00:00:00 +0530 Wed, 17 Jun 2009 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8895 Estoppel based on a party's prior representation of fact binds only within the same assessment where prejudice has occurred; it does not override statutory taxing provisions or bind a Tribunal in separate subsequent assessments. Where a matter was remanded and the remand produced a concluded factual determination that the father had the wherewithal to make the investments, that factual finding controls and cannot be disregarded by invoking estoppel in a later appeal. Consequently, the investments could not be treated as the assessee's undisclosed income for the specified assessment years and estoppel could not bar the assessee from contesting ownership. Case-Laws Income Tax Fri, 07 Apr 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8895