https://www.taxtmi.com/caselaws?id=60215 The Tribunal held that the reassessment under s. 147(b) lacked valid jurisdiction due to the absence of fresh information post-original assessment, following the precedent set in Bankipur Club. Additionally, the Tribunal ruled in favor of the assessee regarding the calculation of the deduction for head office expenses under s. 44C, finding the reassessment order unsustainable. Consequently, the appeal was allowed in favor of the assessee. en-us Wed, 01 Jan 1986 00:00:00 +0530 Tue, 04 Jan 2011 12:45:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60215 The Tribunal held that the reassessment under s. 147(b) lacked valid jurisdiction due to the absence of fresh information post-original assessment, following the precedent set in Bankipur Club. Additionally, the Tribunal ruled in favor of the assessee regarding the calculation of the deduction for head office expenses under s. 44C, finding the reassessment order unsustainable. Consequently, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Wed, 01 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60215