https://www.taxtmi.com/caselaws?id=25028 Fresh material coming to the Income-tax Officer's notice after the original assessments, showing that debts due from sister concerns included interest-free advances, provided valid grounds for reopening under section 147(b) of the Income-tax Act, 1961. The Tribunal's finding on the emergence of new information supported the reassessment, and the reference questions under section 256 were treated as pure questions of fact. On that basis, the court found no justification to interfere with the manner in which the reference was framed or to direct a reference. en-us Fri, 03 Jul 1987 00:00:00 +0530 Sat, 23 Jan 2010 18:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25028 Fresh material coming to the Income-tax Officer's notice after the original assessments, showing that debts due from sister concerns included interest-free advances, provided valid grounds for reopening under section 147(b) of the Income-tax Act, 1961. The Tribunal's finding on the emergence of new information supported the reassessment, and the reference questions under section 256 were treated as pure questions of fact. On that basis, the court found no justification to interfere with the manner in which the reference was framed or to direct a reference. Case-Laws Income Tax Fri, 03 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25028