https://www.taxtmi.com/caselaws?id=68656 The Tribunal quashed the reassessment proceedings for the Asst. yr. 1986-87 initiated solely on the ground of non-filing of the return, which was filed under the Amnesty Scheme. The Tribunal emphasized the validity of returns filed under the Amnesty Scheme and annulled the proceedings. Additionally, for the Asst. yrs. 1987-88, 1988-89, and 1989-90, the Tribunal found the initiation of reassessment proceedings unjustified as the income did not exceed the taxable limit and returns were filed. Consequently, the reassessment proceedings for these years were also quashed, leading to the allowance of the appeals. en-us Thu, 19 Apr 2007 00:00:00 +0530 Thu, 31 Mar 2011 16:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68656 The Tribunal quashed the reassessment proceedings for the Asst. yr. 1986-87 initiated solely on the ground of non-filing of the return, which was filed under the Amnesty Scheme. The Tribunal emphasized the validity of returns filed under the Amnesty Scheme and annulled the proceedings. Additionally, for the Asst. yrs. 1987-88, 1988-89, and 1989-90, the Tribunal found the initiation of reassessment proceedings unjustified as the income did not exceed the taxable limit and returns were filed. Consequently, the reassessment proceedings for these years were also quashed, leading to the allowance of the appeals. Case-Laws Income Tax Thu, 19 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68656