https://www.taxtmi.com/caselaws?id=37708 The High Court held that the Income Tax Officer lacked jurisdiction to reassess the assessee under section 147(a) of the Income Tax Act as the necessary conditions were not met. The Court emphasized that all relevant information was disclosed during the original assessment, rendering the reassessment invalid. Consequently, the Court did not address the justification of income from undisclosed sources, as the first issue determined the case outcome. Each party was directed to bear their own costs following the Court's decision. en-us Fri, 21 Jul 1978 00:00:00 +0530 Wed, 31 Mar 2010 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37708 The High Court held that the Income Tax Officer lacked jurisdiction to reassess the assessee under section 147(a) of the Income Tax Act as the necessary conditions were not met. The Court emphasized that all relevant information was disclosed during the original assessment, rendering the reassessment invalid. Consequently, the Court did not address the justification of income from undisclosed sources, as the first issue determined the case outcome. Each party was directed to bear their own costs following the Court's decision. Case-Laws Income Tax Fri, 21 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37708