https://www.taxtmi.com/caselaws?id=103107 The ITAT dismissed the Revenue's appeals challenging the CIT(A)'s decision to quash the assessment orders under the IT Act, 1961, for various assessment years. The dispute over the cost of construction determined by the Distt. Valuation Officer led to the issuance of reassessment notices under section 148. The CIT(A) found the notices under section 143(2) to be time-barred, declaring the assessments illegal. The ITAT upheld this decision, emphasizing that appeals with tax effects below Rs. 1 lakh were not maintainable as per CBDT instructions, ultimately dismissing both the Revenue's appeals and the assessee's cross objections. en-us Fri, 08 Nov 2002 00:00:00 +0530 Mon, 20 Feb 2012 17:39:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103107 The ITAT dismissed the Revenue's appeals challenging the CIT(A)'s decision to quash the assessment orders under the IT Act, 1961, for various assessment years. The dispute over the cost of construction determined by the Distt. Valuation Officer led to the issuance of reassessment notices under section 148. The CIT(A) found the notices under section 143(2) to be time-barred, declaring the assessments illegal. The ITAT upheld this decision, emphasizing that appeals with tax effects below Rs. 1 lakh were not maintainable as per CBDT instructions, ultimately dismissing both the Revenue's appeals and the assessee's cross objections. Case-Laws Income Tax Fri, 08 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103107