https://www.taxtmi.com/caselaws?id=37109 The High Court held that the Income-tax Officer's (ITO) jurisdiction under section 147 is limited to assessing income that has escaped assessment and does not permit revising the entire assessment. The Court affirmed the Tribunal's decision to delete an addition made by the ITO, restoring the total income determined in a previous order. The judgment emphasized the ITO's duty to tax all income that had escaped assessment during reassessment proceedings, citing relevant precedents. The Court answered the reference question in the affirmative, supporting the Tribunal's decision. No costs were awarded in this case. en-us Fri, 07 Sep 1979 00:00:00 +0530 Fri, 26 Mar 2010 13:49:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37109 The High Court held that the Income-tax Officer's (ITO) jurisdiction under section 147 is limited to assessing income that has escaped assessment and does not permit revising the entire assessment. The Court affirmed the Tribunal's decision to delete an addition made by the ITO, restoring the total income determined in a previous order. The judgment emphasized the ITO's duty to tax all income that had escaped assessment during reassessment proceedings, citing relevant precedents. The Court answered the reference question in the affirmative, supporting the Tribunal's decision. No costs were awarded in this case. Case-Laws Income Tax Fri, 07 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37109