https://www.taxtmi.com/caselaws?id=27485 The High Court upheld the validity of the reassessment under Section 147(b) of the Income-tax Act, 1961, based on new information from an audit report, determining the assessee's resident status and applicability of income sources. It deemed the assessee a resident for the assessment year 1969-70 for all income sources, rejecting the Tribunal's interpretation and affirming the Revenue's position, ordering the assessee to pay costs. en-us Thu, 21 Oct 1982 00:00:00 +0530 Sat, 13 Feb 2010 11:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27485 The High Court upheld the validity of the reassessment under Section 147(b) of the Income-tax Act, 1961, based on new information from an audit report, determining the assessee's resident status and applicability of income sources. It deemed the assessee a resident for the assessment year 1969-70 for all income sources, rejecting the Tribunal's interpretation and affirming the Revenue's position, ordering the assessee to pay costs. Case-Laws Wealth-tax Thu, 21 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27485