1999 (2) TMI 10

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..... at High Court which had allowed a writ petition filed by the respondent who had challenged the notice issued under section 148 of the Income-tax Act, 1961, whereby the respondent's assessment in respect of the year 1988-89 was sought to be reopened. The reason for reopening of the assessment was that the Gujarat High Court in Banyan and Berry v. CIT [1996] 222 ITR 831, had held that after dissolu .....

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..... r, reassessment proceedings can be initiated. The information which was received by the Income-tax Officer was the decision of the Gujarat High Court in Banyan and Berry's case [1996] 222 ITR 831. When the Income-tax Officer became aware of this decision, he could initiate the proceedings under section 147(b) as has been held by this court in A. L. A. Firm v. CIT [1991] 189 ITR 285. For the afore .....

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