https://www.taxtmi.com/caselaws?id=260605 The Commissioner of Income-tax (Appeals) (CIT (A)) quashed the reassessment of the assessment under section 148 of the Income Tax Act, citing the inapplicability of the proviso to section 147 and the absence of new tangible material for reassessment. The reassessment was deemed invalid as it was initiated beyond the four-year period without new material or failure to disclose facts by the assessee. The court upheld the CIT (A)'s decision, dismissing the revenue's appeal and affirming the quashing of the reassessment proceedings. en-us Fri, 12 Jun 2015 00:00:00 +0530 Thu, 18 Jun 2015 06:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260605 The Commissioner of Income-tax (Appeals) (CIT (A)) quashed the reassessment of the assessment under section 148 of the Income Tax Act, citing the inapplicability of the proviso to section 147 and the absence of new tangible material for reassessment. The reassessment was deemed invalid as it was initiated beyond the four-year period without new material or failure to disclose facts by the assessee. The court upheld the CIT (A)'s decision, dismissing the revenue's appeal and affirming the quashing of the reassessment proceedings. Case-Laws Income Tax Fri, 12 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260605