https://www.taxtmi.com/caselaws?id=2121 Reassessment under Section 148 was valid where the Assessing Officer recorded prima facie escapement of income, including issues such as Section 14A disallowance and incorrect Section 80HHC deduction. Pending revisionary proceedings under Section 263 on similar grounds did not bar action under Section 148, because reassessment and revision operate in different fields and the Act contains no prohibition on parallel proceedings. The challenge to the revision notice was also treated as academic where the reassessment had already addressed the escaped income. en-us Wed, 28 Feb 2007 00:00:00 +0530 Fri, 01 Aug 2008 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2121 Reassessment under Section 148 was valid where the Assessing Officer recorded prima facie escapement of income, including issues such as Section 14A disallowance and incorrect Section 80HHC deduction. Pending revisionary proceedings under Section 263 on similar grounds did not bar action under Section 148, because reassessment and revision operate in different fields and the Act contains no prohibition on parallel proceedings. The challenge to the revision notice was also treated as academic where the reassessment had already addressed the escaped income. Case-Laws Income Tax Wed, 28 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2121