https://www.taxtmi.com/caselaws?id=14452 The court dismissed the appeal, affirming the Tribunal's decision that there was no legal basis for initiating proceedings under section 147(a) for the assessment year 1987-88. The judgment emphasized the importance of specific material and valid grounds for reassessment proceedings under the Income-tax Act, 1961. en-us Thu, 10 Aug 2000 00:00:00 +0530 Thu, 16 Jul 2009 10:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14452 The court dismissed the appeal, affirming the Tribunal's decision that there was no legal basis for initiating proceedings under section 147(a) for the assessment year 1987-88. The judgment emphasized the importance of specific material and valid grounds for reassessment proceedings under the Income-tax Act, 1961. Case-Laws Income Tax Thu, 10 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14452