https://www.taxtmi.com/caselaws?id=17211 The High Court held that the reassessment under section 147(b) of the Income-tax Act, 1961 was invalid as it was not based on a legal question but on factual omissions. The Tribunal set aside the reassessment and restored the original assessment, declining to address the merits. The High Court affirmed the Tribunal's decision, emphasizing the distinction between pointing out facts and pointing out the law for reassessment purposes. The Court ruled against the Department, stating that the Tribunal's action was in accordance with legal principles established by the Supreme Court. en-us Thu, 07 Nov 1996 00:00:00 +0530 Tue, 15 Sep 2009 18:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17211 The High Court held that the reassessment under section 147(b) of the Income-tax Act, 1961 was invalid as it was not based on a legal question but on factual omissions. The Tribunal set aside the reassessment and restored the original assessment, declining to address the merits. The High Court affirmed the Tribunal's decision, emphasizing the distinction between pointing out facts and pointing out the law for reassessment purposes. The Court ruled against the Department, stating that the Tribunal's action was in accordance with legal principles established by the Supreme Court. Case-Laws Income Tax Thu, 07 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17211