Judgment :- R. JAYASIMHA BABU, J. The Tribunal has held that the reopening of the assessment was fully warranted by the observation which had been made in its order in relation to an earlier assessment year as it constituted information for the purpose of reopening the assessment made for the year 1975-76. It had been held by the Tribunal in its order in relation to the assessment year 1974-75 that the excess physical stock could not be set off against the deficit in the books. The assessee contends that the Tribunal should not have taken that view, as according to the assessee that order of the Tribunal was not in existence on the date the original assessment was made for the year 1975-76. The reopening of an assessment need not necessarily be on the basis of information available on the date or prior to the date of the assessment order. Information, which though subsequently received shows the defects in the order, can, so long as it does constitute information form the basis for the reopening. The Supreme Court in the case of A.L.A. Firm v. CIT held that where the Assessing Officer had failed to take note of the law laid down in a decision of the High Court which had been rendered even prior to the date of the assessment, in proceeding to reopen the assessment after he became aware of the decision, was permissible. The information in that case was obviously the information received by the officer subsequent to the order of assessment. That is so in all cases of reopening. In the case of CIT v. M. V. M. Chellamuthu Pillai , this court held that the reopening of a wealth-tax assessment after the assessment was made under the Income-tax Act which brought to light the error in the wealth-tax assessment, was permissibleWe, therefore, answer the questions referred to us with regard to the correctness of the Tribunal's order upholding the reopening of the assessment for the assessment year 1975-76 on the basis of the information contained in the order of the Tribunal for the assessment year 1974-75, in favour of the Revenue and against the assessee.