https://www.taxtmi.com/caselaws?id=9268 The High Court dismissed the appeal and upheld the decision to quash the notices challenging reassessment under section 147(b) of the Income-tax Act. The Court ruled that the subsequent information regarding a sister concern's depreciation rates did not qualify as valid information triggering reassessment. The notices for the assessment years 1964-65 to 1968-69 were therefore deemed invalid, and the appeal was dismissed without costs awarded. en-us Thu, 03 Jan 1974 00:00:00 +0530 Sat, 20 Jun 2009 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9268 The High Court dismissed the appeal and upheld the decision to quash the notices challenging reassessment under section 147(b) of the Income-tax Act. The Court ruled that the subsequent information regarding a sister concern's depreciation rates did not qualify as valid information triggering reassessment. The notices for the assessment years 1964-65 to 1968-69 were therefore deemed invalid, and the appeal was dismissed without costs awarded. Case-Laws Income Tax Thu, 03 Jan 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9268