https://www.taxtmi.com/caselaws?id=234799 The Tribunal allowed the appeal filed by the assessee and annulled the assessment order dated 5-10-2012 under Section 143(3) read with Section 147. The Tribunal found that the Assessing Officer failed to assess the income related to the work-in-progress advances, which was the basis for reopening the assessment. Consequently, the reassessment order was deemed invalid, leading to the annulment of the assessment. The major addition on account of transfer pricing adjustments was also held to be unsustainable. en-us Fri, 21 Jun 2013 00:00:00 +0530 Tue, 31 Mar 2015 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234799 The Tribunal allowed the appeal filed by the assessee and annulled the assessment order dated 5-10-2012 under Section 143(3) read with Section 147. The Tribunal found that the Assessing Officer failed to assess the income related to the work-in-progress advances, which was the basis for reopening the assessment. Consequently, the reassessment order was deemed invalid, leading to the annulment of the assessment. The major addition on account of transfer pricing adjustments was also held to be unsustainable. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234799