https://www.taxtmi.com/caselaws?id=20281 The High Court ruled in favor of the assessee, holding that the reopening of the assessment under section 147(a) was not justified. The Court emphasized that the presumption of the seized documents belonging to the assessee was rebutted by factual findings, including the lack of interest credited to the assessee. The Tribunal's analysis supported this conclusion, leading to the cancellation of the reassessment. No costs were awarded in this matter. en-us Tue, 21 Sep 1993 00:00:00 +0530 Fri, 13 Nov 2009 10:16:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20281 The High Court ruled in favor of the assessee, holding that the reopening of the assessment under section 147(a) was not justified. The Court emphasized that the presumption of the seized documents belonging to the assessee was rebutted by factual findings, including the lack of interest credited to the assessee. The Tribunal's analysis supported this conclusion, leading to the cancellation of the reassessment. No costs were awarded in this matter. Case-Laws Income Tax Tue, 21 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20281