https://www.taxtmi.com/caselaws?id=279143 Income-tax assessment of later years may revisit the original cost accepted in earlier assessments. An Income-tax Officer was entitled to go behind that previously accepted cost. A reference made by the Tribunal could not be withdrawn as of right after reaching the High Court because the Income-tax Act contained no provision permitting withdrawal. Where binding authority had conclusively determined the same issue, the reference had to be answered consistently with that determination. en-us Tue, 23 Aug 1955 00:00:00 +0530 Tue, 05 Mar 2019 15:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279143 Income-tax assessment of later years may revisit the original cost accepted in earlier assessments. An Income-tax Officer was entitled to go behind that previously accepted cost. A reference made by the Tribunal could not be withdrawn as of right after reaching the High Court because the Income-tax Act contained no provision permitting withdrawal. Where binding authority had conclusively determined the same issue, the reference had to be answered consistently with that determination. Case-Laws Income Tax Tue, 23 Aug 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279143