https://www.taxtmi.com/caselaws?id=250167 The High Court upheld the ITAT's decision to quash the reassessment proceedings initiated by the AO under Sections 147 and 148 of the Income Tax Act. The Court found that the assessee had provided all relevant information to the AO as requested, leading to the dismissal of the appeal by the Revenue. Additionally, the Court affirmed the ITAT's ruling that the interest payment to related parties was reasonable, dismissing the appeal and emphasizing the lack of necessity to review the interest payment issue further. en-us Mon, 21 Jul 2014 00:00:00 +0530 Tue, 17 Mar 2015 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250167 The High Court upheld the ITAT's decision to quash the reassessment proceedings initiated by the AO under Sections 147 and 148 of the Income Tax Act. The Court found that the assessee had provided all relevant information to the AO as requested, leading to the dismissal of the appeal by the Revenue. Additionally, the Court affirmed the ITAT's ruling that the interest payment to related parties was reasonable, dismissing the appeal and emphasizing the lack of necessity to review the interest payment issue further. Case-Laws Income Tax Mon, 21 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250167