https://www.taxtmi.com/caselaws?id=259214 The court quashed and set aside the reassessment proceedings for the assessment year 2005-06 initiated under Section 148 of the Income Tax Act. The court held that the direction to reopen the assessment, based on prior appellate orders and the invocation of Section 150 of the Act, was invalid as the basis for the reassessment had been nullified by the ITAT and confirmed by the High Court. Consequently, the petition was allowed, and no costs were awarded. en-us Wed, 22 Apr 2015 00:00:00 +0530 Sat, 07 Nov 2015 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259214 The court quashed and set aside the reassessment proceedings for the assessment year 2005-06 initiated under Section 148 of the Income Tax Act. The court held that the direction to reopen the assessment, based on prior appellate orders and the invocation of Section 150 of the Act, was invalid as the basis for the reassessment had been nullified by the ITAT and confirmed by the High Court. Consequently, the petition was allowed, and no costs were awarded. Case-Laws Income Tax Wed, 22 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259214