https://www.taxtmi.com/caselaws?id=37054 The High Court of ALLAHABAD ruled in favor of the assessee regarding the reopening of assessment under section 147(b) of the Income Tax Act. The Court held that the Income Tax Officer did not have valid information to proceed with the reassessment, as the basis for reopening was mere suspicion without factual or legal grounds. Therefore, the notice issued by the ITO was declared without jurisdiction, leading to the entire proceedings and order being invalidated. The Court ruled in favor of the assessee on all issues referred by the Tribunal and awarded costs of Rs. 200 to the assessee. en-us Mon, 30 Oct 1978 00:00:00 +0530 Fri, 26 Mar 2010 11:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37054 The High Court of ALLAHABAD ruled in favor of the assessee regarding the reopening of assessment under section 147(b) of the Income Tax Act. The Court held that the Income Tax Officer did not have valid information to proceed with the reassessment, as the basis for reopening was mere suspicion without factual or legal grounds. Therefore, the notice issued by the ITO was declared without jurisdiction, leading to the entire proceedings and order being invalidated. The Court ruled in favor of the assessee on all issues referred by the Tribunal and awarded costs of Rs. 200 to the assessee. Case-Laws Income Tax Mon, 30 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37054