https://www.taxtmi.com/caselaws?id=25907 The High Court ruled in favor of the Revenue, holding that the assessee cannot challenge the inclusion of share income from a firm in his individual income during reassessment proceedings under section 147(a) of the Income-tax Act. The Court emphasized that reassessment proceedings are meant for assessing only items of escaped income, not re-assessing the entire income, including items already concluded in the original assessment. The decision was made based on the interpretation of relevant provisions and case laws, ultimately upholding the Revenue's position and denying the assessee's claim. en-us Fri, 29 Nov 1985 00:00:00 +0530 Mon, 01 Feb 2010 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25907 The High Court ruled in favor of the Revenue, holding that the assessee cannot challenge the inclusion of share income from a firm in his individual income during reassessment proceedings under section 147(a) of the Income-tax Act. The Court emphasized that reassessment proceedings are meant for assessing only items of escaped income, not re-assessing the entire income, including items already concluded in the original assessment. The decision was made based on the interpretation of relevant provisions and case laws, ultimately upholding the Revenue's position and denying the assessee's claim. Case-Laws Income Tax Fri, 29 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25907