https://www.taxtmi.com/caselaws?id=234656 The appeal filed by the Revenue challenging the quashing of reassessment proceedings under section 147 of the IT Act was allowed. The reassessment was deemed unnecessary as the court found that the initiation of proceedings lacked a clear finding of failure to disclose material facts. The case was remanded for re-adjudication to ensure fairness and adherence to legal principles, criticizing the CIT(A) for not providing the Assessing Officer an opportunity to counter the assessee's submissions. en-us Mon, 27 May 2013 00:00:00 +0530 Fri, 21 Jun 2013 15:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234656 The appeal filed by the Revenue challenging the quashing of reassessment proceedings under section 147 of the IT Act was allowed. The reassessment was deemed unnecessary as the court found that the initiation of proceedings lacked a clear finding of failure to disclose material facts. The case was remanded for re-adjudication to ensure fairness and adherence to legal principles, criticizing the CIT(A) for not providing the Assessing Officer an opportunity to counter the assessee's submissions. Case-Laws Income Tax Mon, 27 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234656