https://www.taxtmi.com/caselaws?id=36381 The High Court of Kerala determined the validity of reopening the assessment under section 147(b) of the Income-tax Act, 1961 for the assessment year 1968-69. The Court held that the reopening was valid based on new information regarding the deduction claimed by the assessee, specifically the grant made to the Labour and Industrial Bureau. The Court relied on a precedent from a related case and concluded that the Tribunal's view was incorrect. The reassessment adding back the grant amount was upheld, ruling in favor of the department and against the assessee. en-us Tue, 17 Jun 1980 00:00:00 +0530 Mon, 22 Mar 2010 10:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36381 The High Court of Kerala determined the validity of reopening the assessment under section 147(b) of the Income-tax Act, 1961 for the assessment year 1968-69. The Court held that the reopening was valid based on new information regarding the deduction claimed by the assessee, specifically the grant made to the Labour and Industrial Bureau. The Court relied on a precedent from a related case and concluded that the Tribunal's view was incorrect. The reassessment adding back the grant amount was upheld, ruling in favor of the department and against the assessee. Case-Laws Income Tax Tue, 17 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36381