https://www.taxtmi.com/caselaws?id=12875 The Tribunal upheld the annulment of the reassessment orders, dismissing the appeals. It determined that section 147(b) of the Income-tax Act applied, based on information received from an external source. The reassessment was found to be invalid due to non-satisfaction of conditions precedent under section 147(b). The Tribunal's decision was supported by a detailed analysis of legal provisions and case law, rejecting the appellant's argument on the retrospective application of the amended section 149. en-us Thu, 13 Dec 2001 00:00:00 +0530 Fri, 22 May 2009 16:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12875 The Tribunal upheld the annulment of the reassessment orders, dismissing the appeals. It determined that section 147(b) of the Income-tax Act applied, based on information received from an external source. The reassessment was found to be invalid due to non-satisfaction of conditions precedent under section 147(b). The Tribunal's decision was supported by a detailed analysis of legal provisions and case law, rejecting the appellant's argument on the retrospective application of the amended section 149. Case-Laws Income Tax Thu, 13 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12875