https://www.taxtmi.com/caselaws?id=39021 The court upheld the validity of the reassessment notices issued by the Income-tax Officer under sections 147-148 of the Income-tax Act for the assessment years 1969-70 to 1972-73. It determined that the circular issued by the Central Board of Direct Taxes constituted valid "information" allowing for the reopening of assessments. The court clarified that the term "information" includes both factual and legal aspects, and can be derived from various sources, including circulars from competent bodies. The challenge to the reassessment notices was dismissed, affirming the authority of the Income-tax Officer to reassess based on information provided in the circular. en-us Wed, 10 Nov 1976 00:00:00 +0530 Mon, 12 Apr 2010 10:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39021 The court upheld the validity of the reassessment notices issued by the Income-tax Officer under sections 147-148 of the Income-tax Act for the assessment years 1969-70 to 1972-73. It determined that the circular issued by the Central Board of Direct Taxes constituted valid "information" allowing for the reopening of assessments. The court clarified that the term "information" includes both factual and legal aspects, and can be derived from various sources, including circulars from competent bodies. The challenge to the reassessment notices was dismissed, affirming the authority of the Income-tax Officer to reassess based on information provided in the circular. Case-Laws Income Tax Wed, 10 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39021