https://www.taxtmi.com/caselaws?id=265250 The Tribunal quashed the reassessment under section 147/148 as the notice was issued beyond the statutory period without required sanction, rendering it invalid. The Commissioner's approval instead of the Joint Commissioner for reopening the assessment lacked proper jurisdiction, leading to the reassessment's annulment. The delay in filing the appeal was condoned, allowing consideration on merits. Additional grounds challenging the reassessment's conclusion were admitted but became irrelevant following the reassessment's quashing. The Tribunal's decision ensured justice by upholding legal principles and statutory requirements. en-us Fri, 22 Aug 2014 00:00:00 +0530 Fri, 09 Oct 2015 07:40:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265250 The Tribunal quashed the reassessment under section 147/148 as the notice was issued beyond the statutory period without required sanction, rendering it invalid. The Commissioner's approval instead of the Joint Commissioner for reopening the assessment lacked proper jurisdiction, leading to the reassessment's annulment. The delay in filing the appeal was condoned, allowing consideration on merits. Additional grounds challenging the reassessment's conclusion were admitted but became irrelevant following the reassessment's quashing. The Tribunal's decision ensured justice by upholding legal principles and statutory requirements. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265250