https://www.taxtmi.com/caselaws?id=151074 The Tribunal held that the Assessing Officer lacked jurisdiction to reopen the assessment under section 147 after proceedings under section 263 were dropped. The Tribunal emphasized the importance of judicial precedence and set aside the Assessing Officer's order, deeming the Revenue's appeal infructuous. The appeals were decided solely on the jurisdictional issue, with other grounds on merit not considered. Consequently, the assessee's appeal was allowed, while the Revenue's appeal was dismissed as infructuous. en-us Thu, 13 May 2010 00:00:00 +0530 Tue, 28 May 2013 17:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151074 The Tribunal held that the Assessing Officer lacked jurisdiction to reopen the assessment under section 147 after proceedings under section 263 were dropped. The Tribunal emphasized the importance of judicial precedence and set aside the Assessing Officer's order, deeming the Revenue's appeal infructuous. The appeals were decided solely on the jurisdictional issue, with other grounds on merit not considered. Consequently, the assessee's appeal was allowed, while the Revenue's appeal was dismissed as infructuous. Case-Laws Income Tax Thu, 13 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151074