https://www.taxtmi.com/caselaws?id=26936 The court held that the initiation of proceedings under section 147(b) of the Income-tax Act was invalid as it relied on the opinion of the Revenue Audit Party, not constituting "information" under the section. The court ruled in favor of the assessee, concluding that the Income-tax Officer did not independently determine the law's effect and consequence but relied on the audit party's interpretation. Consequently, the second question regarding the interpretation of specific sections of the Income-tax Act did not need to be addressed, and each party was directed to bear its own costs. en-us Wed, 21 Nov 1984 00:00:00 +0530 Tue, 09 Feb 2010 15:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26936 The court held that the initiation of proceedings under section 147(b) of the Income-tax Act was invalid as it relied on the opinion of the Revenue Audit Party, not constituting "information" under the section. The court ruled in favor of the assessee, concluding that the Income-tax Officer did not independently determine the law's effect and consequence but relied on the audit party's interpretation. Consequently, the second question regarding the interpretation of specific sections of the Income-tax Act did not need to be addressed, and each party was directed to bear its own costs. Case-Laws Income Tax Wed, 21 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26936