https://www.taxtmi.com/caselaws?id=205340 The case involved challenges to re-assessment proceedings under Section 147 of the Income Tax Act, jurisdictional issues in the second round of litigation, and the taxability of bank interest income affecting deductions under Section 80HHC. The Third Member concluded that the jurisdictional challenge could be raised in the second round, as it had not been conclusively addressed in the first round. Additionally, the re-assessment proceedings were deemed invalid due to timing issues, leading to the quashing of the proceedings and remand for further consideration in line with the majority view. en-us Mon, 30 Aug 2010 00:00:00 +0530 Thu, 19 May 2011 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205340 The case involved challenges to re-assessment proceedings under Section 147 of the Income Tax Act, jurisdictional issues in the second round of litigation, and the taxability of bank interest income affecting deductions under Section 80HHC. The Third Member concluded that the jurisdictional challenge could be raised in the second round, as it had not been conclusively addressed in the first round. Additionally, the re-assessment proceedings were deemed invalid due to timing issues, leading to the quashing of the proceedings and remand for further consideration in line with the majority view. Case-Laws Income Tax Mon, 30 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205340