https://www.taxtmi.com/caselaws?id=276420 A later Tribunal order in another assessee's case did not constitute definite information for reopening a completed assessment where the Income-tax Officer already had all relevant facts at the time of the original assessment. A subsequent realization that the earlier assessment was erroneous was not enough to invoke reassessment, because no new factual material had come into existence or entered the Officer's possession. The proper remedy for such an error was appeal, not reassessment. On that basis, reopening of the completed assessment was not justified. en-us Fri, 10 Apr 1953 00:00:00 +0530 Sat, 10 Nov 2018 13:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276420 A later Tribunal order in another assessee's case did not constitute definite information for reopening a completed assessment where the Income-tax Officer already had all relevant facts at the time of the original assessment. A subsequent realization that the earlier assessment was erroneous was not enough to invoke reassessment, because no new factual material had come into existence or entered the Officer's possession. The proper remedy for such an error was appeal, not reassessment. On that basis, reopening of the completed assessment was not justified. Case-Laws Income Tax Fri, 10 Apr 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276420