https://www.taxtmi.com/caselaws?id=257958 The High Court upheld the tribunal's decision, ruling that the initiation of reassessment proceedings beyond the four-year period under Section 147 of the Income Tax Act was invalid due to the absence of any omission or suppression by the assessee. The court dismissed the Tax Appeals for the Assessment Year 2003-04, affirming that the reassessment proceedings were legally flawed and clarifying that the order applied solely to that specific assessment year. en-us Wed, 11 Mar 2015 00:00:00 +0530 Sat, 07 Nov 2015 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257958 The High Court upheld the tribunal's decision, ruling that the initiation of reassessment proceedings beyond the four-year period under Section 147 of the Income Tax Act was invalid due to the absence of any omission or suppression by the assessee. The court dismissed the Tax Appeals for the Assessment Year 2003-04, affirming that the reassessment proceedings were legally flawed and clarifying that the order applied solely to that specific assessment year. Case-Laws Income Tax Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257958