https://www.taxtmi.com/caselaws?id=25247 The court upheld the validity of the sanction for action under section 147(a) of the Income-tax Act, ruling in favor of the Revenue. It clarified that reassessment under section 144 can be made when an assessee fails to respond to a notice under section 148, allowing for best judgment assessment by the taxing authority. The court rejected the argument that section 144 should not apply when section 147 is invoked for income escaping assessment. The judgment favored the Revenue on the disputed questions, directing the assessee to bear the costs of the reference. en-us Wed, 08 Apr 1987 00:00:00 +0530 Wed, 27 Jan 2010 15:17:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25247 The court upheld the validity of the sanction for action under section 147(a) of the Income-tax Act, ruling in favor of the Revenue. It clarified that reassessment under section 144 can be made when an assessee fails to respond to a notice under section 148, allowing for best judgment assessment by the taxing authority. The court rejected the argument that section 144 should not apply when section 147 is invoked for income escaping assessment. The judgment favored the Revenue on the disputed questions, directing the assessee to bear the costs of the reference. Case-Laws Income Tax Wed, 08 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25247