https://www.taxtmi.com/caselaws?id=17400 The High Court affirmed the Tribunal's decisions on various issues in the case. It held that the Income-tax Officer, A Ward, Shimla, had jurisdiction under section 147(a) of the Income-tax Act, 1961, despite subsequent developments. The assessment as an association of persons was annulled due to the lack of a valid voluntary association for income production. The Board's sanction under section 151 was deemed illegal as it was based on inaccurate facts. The treatment of cash credits before the business establishment was affirmed based on the absence of such credits initially. en-us Thu, 01 May 1997 00:00:00 +0530 Tue, 22 Sep 2009 12:09:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17400 The High Court affirmed the Tribunal's decisions on various issues in the case. It held that the Income-tax Officer, A Ward, Shimla, had jurisdiction under section 147(a) of the Income-tax Act, 1961, despite subsequent developments. The assessment as an association of persons was annulled due to the lack of a valid voluntary association for income production. The Board's sanction under section 151 was deemed illegal as it was based on inaccurate facts. The treatment of cash credits before the business establishment was affirmed based on the absence of such credits initially. Case-Laws Income Tax Thu, 01 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17400