https://www.taxtmi.com/caselaws?id=218991 The Tribunal dismissed the Revenue's appeal due to the low tax effect and upheld the CIT(A)'s decision to quash the reassessment proceedings. It was determined that the AO could not initiate reassessment based on quashed directions from the CIT(A) and that the taxability of the investment should not be reassessed in the hands of the HUF or the individual. The appeal was dismissed, affirming the CIT(A)'s order. en-us Fri, 20 Jan 2012 00:00:00 +0530 Sat, 01 Dec 2012 07:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218991 The Tribunal dismissed the Revenue's appeal due to the low tax effect and upheld the CIT(A)'s decision to quash the reassessment proceedings. It was determined that the AO could not initiate reassessment based on quashed directions from the CIT(A) and that the taxability of the investment should not be reassessed in the hands of the HUF or the individual. The appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218991