https://www.taxtmi.com/caselaws?id=39629 The court granted a writ of prohibition against the Income-tax Officer, preventing the proposed revised assessment for the assessment year 1966-67. The reallocation of interest between business income and dividend income was challenged, disputing the excessive relief claimed in the assessment. The court found no reasonable belief for income escaping assessment, leading to the decision in favor of the petitioner. The writ was granted, making the rule absolute, with no costs awarded. en-us Tue, 15 Oct 1974 00:00:00 +0530 Mon, 19 Apr 2010 12:09:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39629 The court granted a writ of prohibition against the Income-tax Officer, preventing the proposed revised assessment for the assessment year 1966-67. The reallocation of interest between business income and dividend income was challenged, disputing the excessive relief claimed in the assessment. The court found no reasonable belief for income escaping assessment, leading to the decision in favor of the petitioner. The writ was granted, making the rule absolute, with no costs awarded. Case-Laws Income Tax Tue, 15 Oct 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39629