https://www.taxtmi.com/caselaws?id=23276 The court held that the reassessment proceedings were properly reopened based on the Appellate Assistant Commissioner's order, which constituted "information" under section 147(b) of the Income-tax Act. The court answered the first question in favor of the Revenue. Additionally, the court ruled in favor of the Revenue on the second and third issues regarding the interpretation of 'average rate of tax' in sections 2(10) and 85A of the Income-tax Act, respectively, based on established case law. No costs were awarded in the matter. en-us Tue, 19 Sep 1989 00:00:00 +0530 Fri, 18 Dec 2009 10:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23276 The court held that the reassessment proceedings were properly reopened based on the Appellate Assistant Commissioner's order, which constituted "information" under section 147(b) of the Income-tax Act. The court answered the first question in favor of the Revenue. Additionally, the court ruled in favor of the Revenue on the second and third issues regarding the interpretation of 'average rate of tax' in sections 2(10) and 85A of the Income-tax Act, respectively, based on established case law. No costs were awarded in the matter. Case-Laws Income Tax Tue, 19 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23276