https://www.taxtmi.com/caselaws?id=258344 The court quashed the re-assessment notices in a writ petition challenging the reassessment order under Section 147 read with Section 148 of the Income Tax Act, 1961. The court upheld the finality of assessments and ruled in favor of the assessee, emphasizing that issues accepted in earlier assessments could not be reopened through reassessment. Additionally, grounds subject to appeal before the Appellate Authority could not be revisited in the name of reassessment. The judgment highlighted the limitations on reopening settled issues in the guise of reassessment. en-us Fri, 03 Apr 2015 00:00:00 +0530 Tue, 07 Apr 2015 06:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258344 The court quashed the re-assessment notices in a writ petition challenging the reassessment order under Section 147 read with Section 148 of the Income Tax Act, 1961. The court upheld the finality of assessments and ruled in favor of the assessee, emphasizing that issues accepted in earlier assessments could not be reopened through reassessment. Additionally, grounds subject to appeal before the Appellate Authority could not be revisited in the name of reassessment. The judgment highlighted the limitations on reopening settled issues in the guise of reassessment. Case-Laws Income Tax Fri, 03 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258344