https://www.taxtmi.com/caselaws?id=37766 The court allowed the writ petition in part, directing the Income Tax Officer not to proceed with reassessment based on certain items like deferred guarantee commission, exchange loss, and construction expenses. However, the reassessment was permitted for other items mentioned in the notice under section 148 of the Income Tax Act. Each party was ordered to bear their own costs in the matter. en-us Wed, 19 Jul 1978 00:00:00 +0530 Thu, 01 Apr 2010 10:17:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37766 The court allowed the writ petition in part, directing the Income Tax Officer not to proceed with reassessment based on certain items like deferred guarantee commission, exchange loss, and construction expenses. However, the reassessment was permitted for other items mentioned in the notice under section 148 of the Income Tax Act. Each party was ordered to bear their own costs in the matter. Case-Laws Income Tax Wed, 19 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37766