https://www.taxtmi.com/caselaws?id=61405 The Tribunal found that the Assessing Officer lacked jurisdiction to reopen assessments for the years 1978-79 and 1979-80 under sections 147(a) and 147(b) as no new material facts were disclosed. Consequently, the notices issued under section 148 were deemed invalid, leading to the annulment of the assessments and CIT(A) orders for both years. The appeals were allowed, and the lower authorities' decisions annulling the assessments were upheld. en-us Tue, 08 Dec 1987 00:00:00 +0530 Wed, 12 Jan 2011 15:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61405 The Tribunal found that the Assessing Officer lacked jurisdiction to reopen assessments for the years 1978-79 and 1979-80 under sections 147(a) and 147(b) as no new material facts were disclosed. Consequently, the notices issued under section 148 were deemed invalid, leading to the annulment of the assessments and CIT(A) orders for both years. The appeals were allowed, and the lower authorities' decisions annulling the assessments were upheld. Case-Laws Income Tax Tue, 08 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61405