https://www.taxtmi.com/caselaws?id=14918 Reopening under section 147(b) was valid where the assessing officer, at the time of the original assessment, had not taken note of a binding Supreme Court decision relevant to the assessment. The controlling question was whether that judicial decision had in fact been brought to the officer's notice or was otherwise within his knowledge when the assessment order was made, not merely whether it had been published earlier. A subsequently relied upon binding decision can constitute information for reassessment if it was not applied in the original assessment. The reopening was therefore upheld and the reference was answered in favour of the Revenue. en-us Thu, 11 Jun 1998 00:00:00 +0530 Mon, 27 Jul 2009 11:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14918 Reopening under section 147(b) was valid where the assessing officer, at the time of the original assessment, had not taken note of a binding Supreme Court decision relevant to the assessment. The controlling question was whether that judicial decision had in fact been brought to the officer's notice or was otherwise within his knowledge when the assessment order was made, not merely whether it had been published earlier. A subsequently relied upon binding decision can constitute information for reassessment if it was not applied in the original assessment. The reopening was therefore upheld and the reference was answered in favour of the Revenue. Case-Laws Income Tax Thu, 11 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14918