https://www.taxtmi.com/caselaws?id=23850 The court upheld the reopening of assessments for the assessment years 1974-75 and 1975-76 under section 147(b) of the Income-tax Act, finding that the Income-tax Officer validly reopened the assessments based on new information obtained through correspondence with the assessee. The court ruled that disclosure of reasons for reopening assessments was not required at the initial stage, supporting the Revenue's position. As the Tribunal directed further assessment on capital gains, the court upheld the validity of the reopened assessments for both years, disposing of the income-tax references accordingly. en-us Mon, 18 Sep 1989 00:00:00 +0530 Thu, 14 Jan 2010 17:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23850 The court upheld the reopening of assessments for the assessment years 1974-75 and 1975-76 under section 147(b) of the Income-tax Act, finding that the Income-tax Officer validly reopened the assessments based on new information obtained through correspondence with the assessee. The court ruled that disclosure of reasons for reopening assessments was not required at the initial stage, supporting the Revenue's position. As the Tribunal directed further assessment on capital gains, the court upheld the validity of the reopened assessments for both years, disposing of the income-tax references accordingly. Case-Laws Income Tax Mon, 18 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23850