https://www.taxtmi.com/caselaws?id=212519 The High Court upheld the Tribunal's decision, ruling that the reassessment under Section 143(3)/147 was invalid. The Assessing Officer exceeded legal provisions by assessing income beyond the original notice, leading to the annulment. The notice under Section 148 lacked substantiation during reassessment. Application of Section 152(2) was not addressed properly, and the AO's jurisdiction to reassess other income was invalidated due to the initial reason's invalidity. The appeal was dismissed without costs. en-us Tue, 08 Nov 2011 00:00:00 +0530 Wed, 21 Nov 2012 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212519 The High Court upheld the Tribunal's decision, ruling that the reassessment under Section 143(3)/147 was invalid. The Assessing Officer exceeded legal provisions by assessing income beyond the original notice, leading to the annulment. The notice under Section 148 lacked substantiation during reassessment. Application of Section 152(2) was not addressed properly, and the AO's jurisdiction to reassess other income was invalidated due to the initial reason's invalidity. The appeal was dismissed without costs. Case-Laws Income Tax Tue, 08 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212519