https://www.taxtmi.com/caselaws?id=20383 A reassessment initiated under section 147(a) of the Income-tax Act, 1961, even when stated to give effect to a finding or direction under section 250, still had to satisfy the jurisdictional ingredients of section 147(a). The High Court stated that such a reassessment cannot be treated as exempt from the statutory preconditions attached to the invoked provision. Because the Tribunal found no failure by the assessee to disclose material facts, the invocation of section 147(a) could not be sustained. The reference was therefore answered in favour of the assessee and against the Revenue. en-us Mon, 17 Jan 1994 00:00:00 +0530 Fri, 13 Nov 2009 16:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20383 A reassessment initiated under section 147(a) of the Income-tax Act, 1961, even when stated to give effect to a finding or direction under section 250, still had to satisfy the jurisdictional ingredients of section 147(a). The High Court stated that such a reassessment cannot be treated as exempt from the statutory preconditions attached to the invoked provision. Because the Tribunal found no failure by the assessee to disclose material facts, the invocation of section 147(a) could not be sustained. The reference was therefore answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Mon, 17 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20383