https://www.taxtmi.com/caselaws?id=36092 The court upheld the jurisdiction of the ITO to issue a notice under s. 147 of the I.T. Act, 1961, despite the notice initially lacking specificity. The court allowed the validity of the notice to be supported by s. 147(b) due to post-assessment information indicating underassessment of capital gains. The ITO's jurisdiction was deemed valid based on this information, leading to the dismissal of the civil writ petition challenging the notice's validity. The court awarded costs to the respondents and did not delve into the reassessment's merits or s. 52(2) applicability, focusing solely on the jurisdictional aspect. en-us Tue, 06 May 1980 00:00:00 +0530 Fri, 19 Mar 2010 12:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36092 The court upheld the jurisdiction of the ITO to issue a notice under s. 147 of the I.T. Act, 1961, despite the notice initially lacking specificity. The court allowed the validity of the notice to be supported by s. 147(b) due to post-assessment information indicating underassessment of capital gains. The ITO's jurisdiction was deemed valid based on this information, leading to the dismissal of the civil writ petition challenging the notice's validity. The court awarded costs to the respondents and did not delve into the reassessment's merits or s. 52(2) applicability, focusing solely on the jurisdictional aspect. Case-Laws Income Tax Tue, 06 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36092