https://www.taxtmi.com/caselaws?id=11034 The High Court set aside the single judge's decision and allowed the appeal by the Revenue, stating there was prima facie material to support reopening the assessments under section 148 of the Income-tax Act, 1961. The Court emphasized the Income-tax Officer's discretion in assessing the credibility of information and upheld the purpose of preventing tax evasion through false statements during the original assessment. The parties were directed to address all points before the appropriate authority for resolution, with no costs awarded. en-us Mon, 28 Jan 2002 00:00:00 +0530 Thu, 30 Jul 2009 09:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11034 The High Court set aside the single judge's decision and allowed the appeal by the Revenue, stating there was prima facie material to support reopening the assessments under section 148 of the Income-tax Act, 1961. The Court emphasized the Income-tax Officer's discretion in assessing the credibility of information and upheld the purpose of preventing tax evasion through false statements during the original assessment. The parties were directed to address all points before the appropriate authority for resolution, with no costs awarded. Case-Laws Income Tax Mon, 28 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11034