https://www.taxtmi.com/caselaws?id=240638 The Tribunal upheld the decision of the ld. CIT(A) to quash the re-assessment proceeding under section 147/148 of the Income Tax Act. It ruled in favor of the assessee, stating that all material facts were adequately disclosed during the original assessment, thus rejecting the Revenue's arguments challenging the re-assessment. The Tribunal dismissed both the Revenue's appeal and the assessee's Cross-Objection, affirming the order to cancel the re-assessment. Additional grounds raised by the assessee regarding a notice under section 143(2) were also rejected by the Tribunal. en-us Fri, 18 Jan 2013 00:00:00 +0530 Mon, 09 Dec 2013 06:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240638 The Tribunal upheld the decision of the ld. CIT(A) to quash the re-assessment proceeding under section 147/148 of the Income Tax Act. It ruled in favor of the assessee, stating that all material facts were adequately disclosed during the original assessment, thus rejecting the Revenue's arguments challenging the re-assessment. The Tribunal dismissed both the Revenue's appeal and the assessee's Cross-Objection, affirming the order to cancel the re-assessment. Additional grounds raised by the assessee regarding a notice under section 143(2) were also rejected by the Tribunal. Case-Laws Income Tax Fri, 18 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240638