https://www.taxtmi.com/caselaws?id=206661 The Appellate Tribunal ITAT, Mumbai, admitted an additional ground of appeal challenging jurisdiction under section 147 of the Income Tax Act, 1961, as it raised a legal question. The Tribunal found the reasons for reopening the assessment to be unsustainable in law, leading to the quashing of the reassessment proceedings. Consequently, the additions made during the reassessment were deemed academic, resulting in the allowance of the assessee's appeal and the dismissal of the Assessing Officer's appeal as infructuous. en-us Mon, 07 Mar 2011 00:00:00 +0530 Wed, 06 Jul 2011 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206661 The Appellate Tribunal ITAT, Mumbai, admitted an additional ground of appeal challenging jurisdiction under section 147 of the Income Tax Act, 1961, as it raised a legal question. The Tribunal found the reasons for reopening the assessment to be unsustainable in law, leading to the quashing of the reassessment proceedings. Consequently, the additions made during the reassessment were deemed academic, resulting in the allowance of the assessee's appeal and the dismissal of the Assessing Officer's appeal as infructuous. Case-Laws Income Tax Mon, 07 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206661