A.L.A. Firm v. CIT (Supreme Court) (1991) 189 ITR 285 (SC)

Supreme Court of India A.L.A. FIRM Vs. COMMISSIONER OF INCOME TAX, MADRAS DATE OF JUDGMENT- 21/02/1991 BENCH: RANGNATHAN, S., KASLIWAL, N.M. (J), AGRAWAL, S.C. (J) CITATION:  189 ITR 285 (SC) , 1991 SCR (1) 624, 1991 SCC (2) 558, JT 1991 (2) 7,  1991 SCALE (1)364 ACT:  Income Tax Act, 1961: Section 147(b)-Scope of-Assessment year 1961-62-Reassessment-Interpretation and meaning of the word “information”-Material coming to the notice of the Income Tax Officer subsequent to original assessment-Meaning of the word “Escape”. Dissolution of Firm-Valuation...