https://www.taxtmi.com/caselaws?id=16894 The High Court of Kerala ruled in favor of the Revenue, holding that the original assessment order does not become obsolete due to reassessment proceedings. The court aligned with the decision in CIT v. Sun Engineering Works P. Ltd. [1992] 198 ITR 297 (SC), emphasizing that reassessment under section 147 of the Income Tax Act is limited to addressing specific income that had escaped assessment, without revisiting the entire assessment. The court reconciled conflicting decisions and provided a clear answer, clarifying the impact of reassessment on the original assessment order. en-us Wed, 09 Oct 1996 00:00:00 +0530 Sat, 12 Sep 2009 18:08:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16894 The High Court of Kerala ruled in favor of the Revenue, holding that the original assessment order does not become obsolete due to reassessment proceedings. The court aligned with the decision in CIT v. Sun Engineering Works P. Ltd. [1992] 198 ITR 297 (SC), emphasizing that reassessment under section 147 of the Income Tax Act is limited to addressing specific income that had escaped assessment, without revisiting the entire assessment. The court reconciled conflicting decisions and provided a clear answer, clarifying the impact of reassessment on the original assessment order. Case-Laws Income Tax Wed, 09 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16894