2000 (12) TMI 63 - HC - Income Tax

Summary

The High Court of Madras upheld the reopening of the assessment for the year 1975-76 based on information from the Tribunal's order for the year 1974-75. The court emphasized that the reopening of an assessment can be supported by information received after the original assessment, as long as it reveals defects in the order. Citing previous cases, the court ruled in favor of the Revenue and against the assessee.