https://www.taxtmi.com/caselaws?id=13320 The High Court ruled in favor of the assessee, dismissing the tax case filed by the Revenue. The reassessment under section 147(b) for the assessment year 1980-81 was deemed unjustified as the information regarding the Rs. 5,000 credit was available during the original assessment, and there was no fresh information warranting the reassessment. The court emphasized the necessity of considering all relevant information during the original assessment to prevent unwarranted reassessments under section 147(b). en-us Tue, 13 Dec 2005 00:00:00 +0530 Thu, 24 Nov 2016 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13320 The High Court ruled in favor of the assessee, dismissing the tax case filed by the Revenue. The reassessment under section 147(b) for the assessment year 1980-81 was deemed unjustified as the information regarding the Rs. 5,000 credit was available during the original assessment, and there was no fresh information warranting the reassessment. The court emphasized the necessity of considering all relevant information during the original assessment to prevent unwarranted reassessments under section 147(b). Case-Laws Income Tax Tue, 13 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13320