2000 (8) TMI 7

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Electricity Act, 1910 and such market value, in the event of difference or dispute about it was to be determined by arbitration - held that Income had accrued to the assessee u/s 41(2) in the assessment year 1970-71. - C. A. No 14561 of 1996. - - - Dated:- 2-8-2000 - S. P. BHARUCHA, S. S. M. QUADRI AND N. SANTOSH HEGDE JJ. For the Appellant : P. N. Monga, Manu Monga, Mr. Rakesh K. Sharma .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s of the case, the Appellate Tribunal was justified in holding that the Income-tax Officer was not justified in reopening the assessment for the assessment year 1970-71 under section 147(a) of the Income-tax Act. ? The High Court was right in coming to the conclusion that the parameters of section 147(a) of the Income-tax Act were satisfied for the purposes of reopening the assessment for the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X