https://www.taxtmi.com/caselaws?id=119637 The Tribunal upheld the reassessment proceedings initiated under section 148 of the Income-tax Act, 1961, determining that a significant portion of the assessee's income had escaped assessment. The Tribunal rejected the argument that the reassessment should be dropped due to the employer's payment of tax dues, clarifying that the tax deduction at source by the employer does not affect the assessment proceedings. The Tribunal confirmed that the assessee would receive credit for taxes paid by the employer in accordance with the Act but dismissed the appeal, emphasizing the validity of the reassessment proceedings. en-us Wed, 31 Jan 2007 00:00:00 +0530 Thu, 12 Jul 2012 12:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119637 The Tribunal upheld the reassessment proceedings initiated under section 148 of the Income-tax Act, 1961, determining that a significant portion of the assessee's income had escaped assessment. The Tribunal rejected the argument that the reassessment should be dropped due to the employer's payment of tax dues, clarifying that the tax deduction at source by the employer does not affect the assessment proceedings. The Tribunal confirmed that the assessee would receive credit for taxes paid by the employer in accordance with the Act but dismissed the appeal, emphasizing the validity of the reassessment proceedings. Case-Laws Income Tax Wed, 31 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119637