https://www.taxtmi.com/caselaws?id=23915 The High Court ruled in favor of the assessee regarding the validity of reassessment proceedings for the assessment year 1972-73, holding that the reassessment was not validly reopened. However, for the assessment year 1974-75, the High Court sided with the Revenue, affirming the Tribunal's decision to remand the case for fresh disposal due to lack of definite findings by lower authorities. The parties involved had a divided success, with each bearing their own costs. en-us Tue, 11 Apr 1989 00:00:00 +0530 Fri, 15 Jan 2010 12:23:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23915 The High Court ruled in favor of the assessee regarding the validity of reassessment proceedings for the assessment year 1972-73, holding that the reassessment was not validly reopened. However, for the assessment year 1974-75, the High Court sided with the Revenue, affirming the Tribunal's decision to remand the case for fresh disposal due to lack of definite findings by lower authorities. The parties involved had a divided success, with each bearing their own costs. Case-Laws Income Tax Tue, 11 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23915