https://www.taxtmi.com/caselaws?id=23781 The court upheld the validity of the reassessment proceedings under section 147(a) of the Income-tax Act for the assessment year 1960-61. It found that the reassessment was justified as there was sufficient material to support the initiation of proceedings and that the reassessment was done within the prescribed time and in accordance with the law. The court ruled in favor of the Revenue, agreeing with the Tribunal's decision. No costs were awarded in this case. en-us Tue, 18 Apr 1989 00:00:00 +0530 Thu, 14 Jan 2010 12:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23781 The court upheld the validity of the reassessment proceedings under section 147(a) of the Income-tax Act for the assessment year 1960-61. It found that the reassessment was justified as there was sufficient material to support the initiation of proceedings and that the reassessment was done within the prescribed time and in accordance with the law. The court ruled in favor of the Revenue, agreeing with the Tribunal's decision. No costs were awarded in this case. Case-Laws Income Tax Tue, 18 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23781