https://www.taxtmi.com/caselaws?id=219104 The Tribunal dismissed the revenue's appeals and upheld the Commissioner of Income Tax (Appeals)'s order annulling the assessment orders under Sections 147/143(3) for the assessment years 2001-02 and 2002-03. It was held that the Assessing Officer lacked valid jurisdiction under Section 147, the notices under Section 148 were invalid, the assessee's calculation of book profit under Section 115JB was accurate, and there was no failure to disclose material facts necessary for assessment. The cross objections of the assessee were dismissed as infructuous. en-us Mon, 30 Jan 2012 00:00:00 +0530 Fri, 23 Nov 2012 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219104 The Tribunal dismissed the revenue's appeals and upheld the Commissioner of Income Tax (Appeals)'s order annulling the assessment orders under Sections 147/143(3) for the assessment years 2001-02 and 2002-03. It was held that the Assessing Officer lacked valid jurisdiction under Section 147, the notices under Section 148 were invalid, the assessee's calculation of book profit under Section 115JB was accurate, and there was no failure to disclose material facts necessary for assessment. The cross objections of the assessee were dismissed as infructuous. Case-Laws Income Tax Mon, 30 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219104