https://www.taxtmi.com/caselaws?id=221565 The court allowed the appeal, setting aside the Tribunal's order that quashed the reassessment proceedings and the notice under Section 148 of the Income Tax Act, 1961. The matter was remanded back to the Tribunal to rehear and decide the appeals on merits regarding other issues, with no order as to costs. The court held that the reassessment proceedings were valid under Section 147, emphasizing that the power to reassess is not barred by the failure to take steps under Section 143(2), as long as the conditions of Section 147 are met. en-us Fri, 08 Mar 2013 00:00:00 +0530 Mon, 18 Mar 2013 15:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221565 The court allowed the appeal, setting aside the Tribunal's order that quashed the reassessment proceedings and the notice under Section 148 of the Income Tax Act, 1961. The matter was remanded back to the Tribunal to rehear and decide the appeals on merits regarding other issues, with no order as to costs. The court held that the reassessment proceedings were valid under Section 147, emphasizing that the power to reassess is not barred by the failure to take steps under Section 143(2), as long as the conditions of Section 147 are met. Case-Laws Income Tax Fri, 08 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221565