https://www.taxtmi.com/caselaws?id=65598 The Tribunal upheld the validity of reassessment proceedings under section 147(a) of the Income-tax Act, 1961, even after the original assessment order was set aside. It ruled that the directions from the Tribunal did not preclude the Income Tax Officer (ITO) from initiating reassessment based on new information uncovered during a subsequent search. The Tribunal emphasized that the ITO could conduct both the reassessment proceedings and comply with the Tribunal's directions, as long as the reassessment was within the original assessment's scope and grounded on valid reasons. en-us Fri, 09 Mar 1984 00:00:00 +0530 Wed, 16 Feb 2011 18:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65598 The Tribunal upheld the validity of reassessment proceedings under section 147(a) of the Income-tax Act, 1961, even after the original assessment order was set aside. It ruled that the directions from the Tribunal did not preclude the Income Tax Officer (ITO) from initiating reassessment based on new information uncovered during a subsequent search. The Tribunal emphasized that the ITO could conduct both the reassessment proceedings and comply with the Tribunal's directions, as long as the reassessment was within the original assessment's scope and grounded on valid reasons. Case-Laws Income Tax Fri, 09 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65598