https://www.taxtmi.com/caselaws?id=27827 A subsequent departmental valuation report can qualify as "information" under section 147(b) of the Income-tax Act, 1961 where it supplies a new external fact relating to assessment after the original assessment has been completed. The text also states that a non-speaking dismissal of a special leave petition does not amount to affirmation of the underlying Bombay decision or create binding precedent under article 141. In that setting, reassessment notices issued on the basis of the later valuation report were treated as valid, and writ interference at the notice stage was considered inappropriate because the assessee could still contest the valuation in reassessment proceedings. en-us Wed, 07 Sep 1983 00:00:00 +0530 Tue, 16 Feb 2010 12:58:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27827 A subsequent departmental valuation report can qualify as "information" under section 147(b) of the Income-tax Act, 1961 where it supplies a new external fact relating to assessment after the original assessment has been completed. The text also states that a non-speaking dismissal of a special leave petition does not amount to affirmation of the underlying Bombay decision or create binding precedent under article 141. In that setting, reassessment notices issued on the basis of the later valuation report were treated as valid, and writ interference at the notice stage was considered inappropriate because the assessee could still contest the valuation in reassessment proceedings. Case-Laws Income Tax Wed, 07 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27827