https://www.taxtmi.com/caselaws?id=39164 The High Court ruled in favor of the assessee, finding that the reassessment proceedings initiated under section 147(b) were not valid. The court emphasized the finality of the Appellate Assistant Commissioner's order, which determined that no income had escaped assessment. The court held that the Income-tax Officer could not circumvent this final decision by re-opening the assessment based on the same facts, citing legal precedent to support its decision. en-us Tue, 13 Jul 1976 00:00:00 +0530 Tue, 13 Apr 2010 13:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39164 The High Court ruled in favor of the assessee, finding that the reassessment proceedings initiated under section 147(b) were not valid. The court emphasized the finality of the Appellate Assistant Commissioner's order, which determined that no income had escaped assessment. The court held that the Income-tax Officer could not circumvent this final decision by re-opening the assessment based on the same facts, citing legal precedent to support its decision. Case-Laws Income Tax Tue, 13 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39164