https://www.taxtmi.com/caselaws?id=248664 The Tribunal quashed the reassessment order for the assessment years 1998-99 to 2000-01 due to the Assessing Officer's invalid use of section 148 beyond the time limit, restoring the original assessment order. For the assessment years 2001-02 and 2003-04, the Tribunal adjusted the estimation of agricultural income to a higher figure based on evidence provided, overturning the AO's lower estimations. The grounds challenging the additions in reassessment were not adjudicated as the reassessment was already quashed. The appeals for the mentioned assessment years were allowed or partly allowed accordingly. en-us Fri, 30 May 2014 00:00:00 +0530 Fri, 20 Jun 2014 21:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248664 The Tribunal quashed the reassessment order for the assessment years 1998-99 to 2000-01 due to the Assessing Officer's invalid use of section 148 beyond the time limit, restoring the original assessment order. For the assessment years 2001-02 and 2003-04, the Tribunal adjusted the estimation of agricultural income to a higher figure based on evidence provided, overturning the AO's lower estimations. The grounds challenging the additions in reassessment were not adjudicated as the reassessment was already quashed. The appeals for the mentioned assessment years were allowed or partly allowed accordingly. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248664