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2004 (12) TMI 27 - PUNJAB AND HARYANA HIGH COURT"Whether Tribunal was right in law in holding that the proceedings for reassessment were validly initiated by AO u/s 147 of the Income-tax Act, 1961 for both the years under consideration and whether the Tribunal was further right in law in holding that the excess amount of sales tax collected by the assessee without there being corresponding liability, was the income liable to tax in the hands of the assessee in the years in which the excess amount was so collected by the assessee?" - The reference is accordingly answered against the assessee and in favour of the Revenue
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