https://www.taxtmi.com/caselaws?id=14421 The High Court ruled in favor of the assessee, holding that the provisions of section 144B(1) of the Income-tax Act were not applicable in a case where the income proposed by the Income-tax Officer significantly exceeded the income returned by the assessee. The court emphasized that the variation must be prejudicial to the assessee for the section to apply, highlighting that determinations of a partner's share income are made in the firm's assessment and not subject to appeal by partners. The Tribunal's decision was upheld, and the court disposed of the Income-tax reference in favor of the assessee. en-us Wed, 14 Feb 2001 00:00:00 +0530 Wed, 15 Jul 2009 17:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14421 The High Court ruled in favor of the assessee, holding that the provisions of section 144B(1) of the Income-tax Act were not applicable in a case where the income proposed by the Income-tax Officer significantly exceeded the income returned by the assessee. The court emphasized that the variation must be prejudicial to the assessee for the section to apply, highlighting that determinations of a partner's share income are made in the firm's assessment and not subject to appeal by partners. The Tribunal's decision was upheld, and the court disposed of the Income-tax reference in favor of the assessee. Case-Laws Income Tax Wed, 14 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14421