https://www.taxtmi.com/caselaws?id=27341 The Court upheld the Income Tax Appellate Tribunal's decision that the reopening of the assessment under section 147(a) of the Income-tax Act, 1961 was unjustified for the assessment years 1956-57 and 1957-58. Consequently, the additions to the total income and penalties levied under section 271(1)(c) were deleted and canceled, respectively. The Court directed each party to bear their own costs. en-us Thu, 03 May 1984 00:00:00 +0530 Fri, 12 Feb 2010 12:10:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27341 The Court upheld the Income Tax Appellate Tribunal's decision that the reopening of the assessment under section 147(a) of the Income-tax Act, 1961 was unjustified for the assessment years 1956-57 and 1957-58. Consequently, the additions to the total income and penalties levied under section 271(1)(c) were deleted and canceled, respectively. The Court directed each party to bear their own costs. Case-Laws Income Tax Thu, 03 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27341