https://www.taxtmi.com/caselaws?id=70769 The Appellate Tribunal upheld the CIT(A)'s decision to delete additions made by the Assessing Officer, emphasizing that additions should only be made if they had escaped assessment during the original assessment. The Tribunal highlighted that no exemption can be claimed during reassessment if not claimed initially. It stated that reassessment proceedings under section 147 benefit the revenue, not the assessee, and the Income-tax Officer's jurisdiction is limited to escaped assessment. The Tribunal dismissed the Department's appeals, affirming the CIT(A)'s order to delete the additions. en-us Mon, 21 Aug 1995 00:00:00 +0530 Tue, 19 Apr 2011 11:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70769 The Appellate Tribunal upheld the CIT(A)'s decision to delete additions made by the Assessing Officer, emphasizing that additions should only be made if they had escaped assessment during the original assessment. The Tribunal highlighted that no exemption can be claimed during reassessment if not claimed initially. It stated that reassessment proceedings under section 147 benefit the revenue, not the assessee, and the Income-tax Officer's jurisdiction is limited to escaped assessment. The Tribunal dismissed the Department's appeals, affirming the CIT(A)'s order to delete the additions. Case-Laws Income Tax Mon, 21 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70769