Supreme Court · 1979 INSC 163 · Decided 31 August 1979
Indian and Eastern Newspaper Society, New Delhi v. Commissioner of Income Tax, New Delhi
- Court
- Supreme Court of India
- Citation
- 1979 INSC 163 · [1980] 1 S.C.R. 442
- Case number
- TAX REFERENCE CASE No. 1/1973
- Decided
- 31 August 1979
- Bench
- P.N. BHAGWATI, V.D. TULZAPURKAR, R.S. PATHAK (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Tax
- Acts & sections cited
- Income Tax Act Section 147(b), 257
Headnote
Income Tax Act 1961--S. 147(b)--Scope of-"Information" "Reason to believe"-Meaning of-Opinion of audit party of Income Tax Department-If would comtitute "information". Section 147(b) of the Income Tax Act, 1961 provides that if an Income Tax Officer has, in possesaion, reason to believe that income chargeable to tax has escaped assessment for any asc;ess­ ment year, he may assess or re~s such income. l he internal audit organisation of the income tax department, in the course of auditing the income tax records pertaining to the assessee for
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