1990 (9) TMI 58 - HC - Income Tax

Summary

The High Court of Allahabad ruled that the assessment was not validly reopened under section 147(b) of the Income-tax Act. The court found that the errors in the assessment order pointed out by the Inspecting Assistant Commissioner did not constitute "information" under the law. The decision favored the assessee and no costs were awarded. (Case citation: 1990 (9) TMI 58 - Allahabad High Court)