https://www.taxtmi.com/caselaws?id=19255 The court upheld the Tribunal's decisions on the issues presented in the case. It ruled that the reassessment under section 147(b) of the Income-tax Act was invalid as it amounted to a change of opinion on the same set of facts. Additionally, the inclusion of certain amounts under section 41(1) was deemed unjustified without evidence of deductions being allowed. The court also agreed that certain amounts could not be treated as income under section 28(iv) as no benefit had accrued to the assessee. Consequently, the original petition was dismissed. en-us Thu, 10 Nov 1994 00:00:00 +0530 Thu, 05 Nov 2009 10:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19255 The court upheld the Tribunal's decisions on the issues presented in the case. It ruled that the reassessment under section 147(b) of the Income-tax Act was invalid as it amounted to a change of opinion on the same set of facts. Additionally, the inclusion of certain amounts under section 41(1) was deemed unjustified without evidence of deductions being allowed. The court also agreed that certain amounts could not be treated as income under section 28(iv) as no benefit had accrued to the assessee. Consequently, the original petition was dismissed. Case-Laws Income Tax Thu, 10 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19255