https://www.taxtmi.com/caselaws?id=27468 The court ruled in favor of the petitioner, finding the reassessment invalid under s. 147(a) of the I.T. Act, 1961 due to lack of disclosure of material facts. Additionally, the application of s. 52(2) regarding transfer of industrial license was deemed inapplicable as no consideration was involved. The court held that the Income-tax Officer lacked jurisdiction for reassessment and dismissed objections based on delay, allowing the petition with no costs awarded. en-us Tue, 22 Nov 1983 00:00:00 +0530 Sat, 13 Feb 2010 10:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27468 The court ruled in favor of the petitioner, finding the reassessment invalid under s. 147(a) of the I.T. Act, 1961 due to lack of disclosure of material facts. Additionally, the application of s. 52(2) regarding transfer of industrial license was deemed inapplicable as no consideration was involved. The court held that the Income-tax Officer lacked jurisdiction for reassessment and dismissed objections based on delay, allowing the petition with no costs awarded. Case-Laws Income Tax Tue, 22 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27468