https://www.taxtmi.com/caselaws?id=21212 The High Court held that the Tribunal erred in justifying the reopening of assessment under Section 147(b) after initially finding no grounds under Section 147(a) or (b). The conversion of proceedings from Section 147(a) to Section 147(b) was deemed invalid, as the new information did not warrant the change. Additionally, directing reassessment under Section 144B without considering the limitation under Section 153 was found to be legally flawed. The Court ruled in favor of the assessee on all counts, concluding that the Tribunal's decisions were not supported by law. en-us Mon, 03 Feb 1992 00:00:00 +0530 Fri, 20 Nov 2009 17:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21212 The High Court held that the Tribunal erred in justifying the reopening of assessment under Section 147(b) after initially finding no grounds under Section 147(a) or (b). The conversion of proceedings from Section 147(a) to Section 147(b) was deemed invalid, as the new information did not warrant the change. Additionally, directing reassessment under Section 144B without considering the limitation under Section 153 was found to be legally flawed. The Court ruled in favor of the assessee on all counts, concluding that the Tribunal's decisions were not supported by law. Case-Laws Income Tax Mon, 03 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21212