https://www.taxtmi.com/caselaws?id=28534 The court ruled that the inspection notes of the Inspecting Assistant Commissioner (IAC) and the inspector did not qualify as "information" under section 147(b) of the Income-tax Act, 1961. Consequently, the reopening of assessments for the years 1961-62 to 1963-64 was deemed unjustified. As a result, the issue regarding the opportunity for the assessee to present a case for a fair estimate of interest was not addressed. The judgment favored the assessee, and costs were awarded accordingly. en-us Tue, 27 Jul 1982 00:00:00 +0530 Tue, 23 Feb 2010 14:10:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28534 The court ruled that the inspection notes of the Inspecting Assistant Commissioner (IAC) and the inspector did not qualify as "information" under section 147(b) of the Income-tax Act, 1961. Consequently, the reopening of assessments for the years 1961-62 to 1963-64 was deemed unjustified. As a result, the issue regarding the opportunity for the assessee to present a case for a fair estimate of interest was not addressed. The judgment favored the assessee, and costs were awarded accordingly. Case-Laws Income Tax Tue, 27 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28534