https://www.taxtmi.com/caselaws?id=36158 The High Court affirmed the Tribunal's decision, upholding the Income-tax Officer's jurisdiction under section 147(b) for the assessment years 1967-68, 1968-69, and 1969-70. The Court ruled that the Officer was justified in reassessing based on new information, allowing for the reopening of assessments. It was held that this was not a mere change of opinion but a valid reassessment under the law. The appeal was dismissed, and the ruling favored the revenue. en-us Thu, 21 Jun 1979 00:00:00 +0530 Fri, 19 Mar 2010 16:32:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36158 The High Court affirmed the Tribunal's decision, upholding the Income-tax Officer's jurisdiction under section 147(b) for the assessment years 1967-68, 1968-69, and 1969-70. The Court ruled that the Officer was justified in reassessing based on new information, allowing for the reopening of assessments. It was held that this was not a mere change of opinion but a valid reassessment under the law. The appeal was dismissed, and the ruling favored the revenue. Case-Laws Income Tax Thu, 21 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36158