https://www.taxtmi.com/caselaws?id=20186 The High Court of GUJARAT declined to answer several questions referred by the Income-tax Appellate Tribunal regarding the reopening of assessments under section 147(b) of the Income-tax Act, authority to review decisions based on subsequent Supreme Court rulings, and the correctness of invoking Supreme Court decisions. The Court ruled in favor of the assessee concerning the taxation of income from trust property, holding that the assessee was liable for only half of the income derived from the trust property. The High Court disposed of the reference, declining to address most questions and favoring the assessee on the taxation issue. en-us Wed, 28 Jul 1993 00:00:00 +0530 Thu, 12 Nov 2009 12:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20186 The High Court of GUJARAT declined to answer several questions referred by the Income-tax Appellate Tribunal regarding the reopening of assessments under section 147(b) of the Income-tax Act, authority to review decisions based on subsequent Supreme Court rulings, and the correctness of invoking Supreme Court decisions. The Court ruled in favor of the assessee concerning the taxation of income from trust property, holding that the assessee was liable for only half of the income derived from the trust property. The High Court disposed of the reference, declining to address most questions and favoring the assessee on the taxation issue. Case-Laws Income Tax Wed, 28 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20186