TMI Blog1984 (3) TMI 13X X X X Extracts X X X X X X X X Extracts X X X X ..... of Rs. 77,090. Later on, the ITO reopened the assessment under s. 147(B) OF THE I.T. ACT, 1961 (HEREINAFTER CALLED" the Act "), on the basis of a note received by him from the Internal Audit Party of the Income-tax Department to the effect that "customs drawbacks " amounting to Rs. 71,386 had escaped assessment to tax. He, accordingly, served a notice under s. 148 of the Act on the assessee on Ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was dismissed by the Appellate Tribunal , Amritsar Bench. At the instance of the Revenue, the following question of law has been referred to us for our opinion " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in maintaining the order of the Appellate Assistant Commissioner holding that proceedings were not validly initiated by the Income-tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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