https://www.taxtmi.com/caselaws?id=29461 The High Court ruled in favor of the Revenue in a case involving the applicability of sections 147(a) and 147(b) of the Income-tax Act, 1961. The Court held that the reassessment could be sustained under section 147(b) even if initially invoked under section 147(a) if the conditions for section 147(b) were met. The Court found that the assessee had not fully disclosed material particulars, allowing for the reopening of the assessment under section 147(a). The Court referenced relevant case law to support its decision, ultimately ruling against the assessee and awarding no costs. en-us Mon, 01 Jun 1981 00:00:00 +0530 Sat, 13 Mar 2010 10:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29461 The High Court ruled in favor of the Revenue in a case involving the applicability of sections 147(a) and 147(b) of the Income-tax Act, 1961. The Court held that the reassessment could be sustained under section 147(b) even if initially invoked under section 147(a) if the conditions for section 147(b) were met. The Court found that the assessee had not fully disclosed material particulars, allowing for the reopening of the assessment under section 147(a). The Court referenced relevant case law to support its decision, ultimately ruling against the assessee and awarding no costs. Case-Laws Income Tax Mon, 01 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29461