https://www.taxtmi.com/caselaws?id=64871 The Tribunal found the reopening of the assessment for the assessment year 1995-96 to be invalid and without jurisdiction due to being barred by limitation under s. 150(2) of the IT Act. As a result, the reassessment was quashed. The Tribunal did not delve into the merits of the addition since the reassessment was deemed invalid. Consequently, the appeal by the assessee was partly allowed, leading to the cancellation/quashing of the reassessment framed under sections 148/143(3). en-us Fri, 04 Jul 2008 00:00:00 +0530 Thu, 10 Feb 2011 17:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64871 The Tribunal found the reopening of the assessment for the assessment year 1995-96 to be invalid and without jurisdiction due to being barred by limitation under s. 150(2) of the IT Act. As a result, the reassessment was quashed. The Tribunal did not delve into the merits of the addition since the reassessment was deemed invalid. Consequently, the appeal by the assessee was partly allowed, leading to the cancellation/quashing of the reassessment framed under sections 148/143(3). Case-Laws Income Tax Fri, 04 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64871