https://www.taxtmi.com/caselaws?id=249684 The Tribunal held that the initiation of reassessment proceedings was not valid as the factors relied upon by the Assessing Officer were deemed inapplicable. Consequently, the reassessment proceedings were quashed, and the appeal was allowed. The Tribunal did not address the grounds on merits due to the decision on the initiation of reassessment. en-us Thu, 17 Jul 2014 00:00:00 +0530 Mon, 21 Jul 2014 07:34:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249684 The Tribunal held that the initiation of reassessment proceedings was not valid as the factors relied upon by the Assessing Officer were deemed inapplicable. Consequently, the reassessment proceedings were quashed, and the appeal was allowed. The Tribunal did not address the grounds on merits due to the decision on the initiation of reassessment. Case-Laws Income Tax Thu, 17 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249684