https://www.taxtmi.com/caselaws?id=237052 The Tribunal invalidated the proceedings initiated under Section 147 of the Income Tax Act due to the failure to assess the income that was the basis for reopening. The disallowance of the claim of set-off of unabsorbed depreciation was deemed legally unsustainable as it was not the subject matter of the reopening. The Tribunal emphasized that assessing any other income without first assessing the income that triggered the reopening was impermissible. Consequently, the assessment orders for the relevant years were annulled, and the departmental appeals were dismissed as infructuous. en-us Fri, 28 Jun 2013 00:00:00 +0530 Tue, 17 Sep 2013 08:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237052 The Tribunal invalidated the proceedings initiated under Section 147 of the Income Tax Act due to the failure to assess the income that was the basis for reopening. The disallowance of the claim of set-off of unabsorbed depreciation was deemed legally unsustainable as it was not the subject matter of the reopening. The Tribunal emphasized that assessing any other income without first assessing the income that triggered the reopening was impermissible. Consequently, the assessment orders for the relevant years were annulled, and the departmental appeals were dismissed as infructuous. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237052