https://www.taxtmi.com/caselaws?id=11758 The court held that the notice issued under sections 147/148 of the Income-tax Act, 1961 for reopening assessment for the assessment year 1973-74 was invalid. The court emphasized the importance of following due process and directed the petitioner to present all subsequent events to the Assessing Officer for consideration before proceeding with reassessment. The court instructed the Assessing Officer to address objections regarding jurisdiction through a speaking order and set a timeline for filing objections. The judgment highlighted the significance of legal provisions and the role of the prescribed authority in determining scientific research-related issues under the Income-tax Act, 1961. en-us Thu, 20 Feb 2003 00:00:00 +0530 Sun, 07 Feb 2010 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11758 The court held that the notice issued under sections 147/148 of the Income-tax Act, 1961 for reopening assessment for the assessment year 1973-74 was invalid. The court emphasized the importance of following due process and directed the petitioner to present all subsequent events to the Assessing Officer for consideration before proceeding with reassessment. The court instructed the Assessing Officer to address objections regarding jurisdiction through a speaking order and set a timeline for filing objections. The judgment highlighted the significance of legal provisions and the role of the prescribed authority in determining scientific research-related issues under the Income-tax Act, 1961. Case-Laws Income Tax Thu, 20 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11758