https://www.taxtmi.com/caselaws?id=243704 The Tribunal upheld the CIT(A)'s decision to quash reassessment proceedings under section 147 of the Income-tax Act, 1961. The appeal by the revenue challenging the quashing was dismissed, as the assessee had provided all relevant details during the original assessment, and no new grounds justified reopening under section 147. The Tribunal emphasized the importance of adhering to statutory requirements for reassessment and confirmed the CIT(A)'s order, ultimately dismissing both the revenue's appeal and the Cross Objection by the assessee. en-us Fri, 31 Jan 2014 00:00:00 +0530 Sat, 08 Feb 2014 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243704 The Tribunal upheld the CIT(A)'s decision to quash reassessment proceedings under section 147 of the Income-tax Act, 1961. The appeal by the revenue challenging the quashing was dismissed, as the assessee had provided all relevant details during the original assessment, and no new grounds justified reopening under section 147. The Tribunal emphasized the importance of adhering to statutory requirements for reassessment and confirmed the CIT(A)'s order, ultimately dismissing both the revenue's appeal and the Cross Objection by the assessee. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243704