https://www.taxtmi.com/caselaws?id=260025 The Tribunal upheld the CIT (A)'s decision to quash the reassessment proceedings, emphasizing the limited jurisdiction of the Assessing Officer in reassessment cases. The Tribunal ruled that the AO lacked jurisdiction to assess any income other than the specific income that triggered the reassessment, as per relevant legal provisions and precedents. The interpretation of the Third Proviso to Section 147 was discussed, clarifying that it does not grant broader assessment powers to the AO beyond the income related to the reasons for reopening. en-us Mon, 20 Apr 2015 00:00:00 +0530 Sat, 19 Dec 2015 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260025 The Tribunal upheld the CIT (A)'s decision to quash the reassessment proceedings, emphasizing the limited jurisdiction of the Assessing Officer in reassessment cases. The Tribunal ruled that the AO lacked jurisdiction to assess any income other than the specific income that triggered the reassessment, as per relevant legal provisions and precedents. The interpretation of the Third Proviso to Section 147 was discussed, clarifying that it does not grant broader assessment powers to the AO beyond the income related to the reasons for reopening. Case-Laws Income Tax Mon, 20 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260025