https://www.taxtmi.com/caselaws?id=16458 The court found that the reassessment under section 147 of the Income-tax Act was invalid as the income in question was known to the Assessing Officer and had been assessed for the relevant year following the petitioners' requests. The court deemed the initiation of proceedings and subsequent reassessment as without jurisdiction and an abuse of legal process due to the lack of genuine income escaping assessment. Consequently, the court allowed the writ petition, quashed the impugned order, and did not award costs to the petitioners. en-us Fri, 23 May 1997 00:00:00 +0530 Mon, 07 Sep 2009 18:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16458 The court found that the reassessment under section 147 of the Income-tax Act was invalid as the income in question was known to the Assessing Officer and had been assessed for the relevant year following the petitioners' requests. The court deemed the initiation of proceedings and subsequent reassessment as without jurisdiction and an abuse of legal process due to the lack of genuine income escaping assessment. Consequently, the court allowed the writ petition, quashed the impugned order, and did not award costs to the petitioners. Case-Laws Income Tax Fri, 23 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16458