https://www.taxtmi.com/caselaws?id=261757 The Tribunal dismissed the Revenue's appeal regarding the validity of reassessment proceedings under section 147 of the Income Tax Act. The reassessment order was quashed as the objections raised by the assessee were not disposed of separately, contravening legal requirements. The Tribunal cited a Gujarat High Court ruling emphasizing the necessity of addressing objections before passing a reassessment order. Consequently, the Revenue's appeal was dismissed on grounds of procedural non-compliance, rendering the merits of the addition moot. en-us Fri, 10 Apr 2015 00:00:00 +0530 Tue, 21 Jul 2015 13:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261757 The Tribunal dismissed the Revenue's appeal regarding the validity of reassessment proceedings under section 147 of the Income Tax Act. The reassessment order was quashed as the objections raised by the assessee were not disposed of separately, contravening legal requirements. The Tribunal cited a Gujarat High Court ruling emphasizing the necessity of addressing objections before passing a reassessment order. Consequently, the Revenue's appeal was dismissed on grounds of procedural non-compliance, rendering the merits of the addition moot. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261757