https://www.taxtmi.com/caselaws?id=14949 The High Court deemed the reopening of the assessment for the assessment year 1972-73 as illegal due to lack of new justifiable information. However, the reopening for the assessment year 1973-74 was upheld based on valid information from the Revenue audit party. The ownership of the house property was determined to be with the widow, Smt. Saraladevi Sarabhai, and not the executors as initially assessed. The issue of entitlement to deduction under section 23(2) was not addressed. The High Court's decision resulted in the assessment being reopened for 1973-74 and income from the property assessed in the widow's name. en-us Tue, 04 Jul 2000 00:00:00 +0530 Mon, 27 Jul 2009 12:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14949 The High Court deemed the reopening of the assessment for the assessment year 1972-73 as illegal due to lack of new justifiable information. However, the reopening for the assessment year 1973-74 was upheld based on valid information from the Revenue audit party. The ownership of the house property was determined to be with the widow, Smt. Saraladevi Sarabhai, and not the executors as initially assessed. The issue of entitlement to deduction under section 23(2) was not addressed. The High Court's decision resulted in the assessment being reopened for 1973-74 and income from the property assessed in the widow's name. Case-Laws Income Tax Tue, 04 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14949