https://www.taxtmi.com/caselaws?id=177974 The Tribunal quashed the reassessment proceedings initiated under Section 147 of the Income-tax Act, 1961, due to insufficient valid reasons and material for reopening the assessment. Consequently, the additions of Rs. 17,00,000 and Rs. 34,000 were deemed infructuous, leading to the appeal being allowed in favor of the appellant. en-us Fri, 07 Oct 2011 00:00:00 +0530 Sat, 30 Jun 2018 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177974 The Tribunal quashed the reassessment proceedings initiated under Section 147 of the Income-tax Act, 1961, due to insufficient valid reasons and material for reopening the assessment. Consequently, the additions of Rs. 17,00,000 and Rs. 34,000 were deemed infructuous, leading to the appeal being allowed in favor of the appellant. Case-Laws Income Tax Fri, 07 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177974