https://www.taxtmi.com/caselaws?id=178591 The Tribunal deemed the reassessment proceedings initiated by notice u/s 148 as illegal and quashed the assessment, citing jurisdictional issues. The Tribunal upheld the CIT(A)'s decision to reduce the addition on account of cash deposit and working out expenses and investments. Other grounds regarding the confirmation of additions were not considered due to the quashing of the assessment. Ultimately, the Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. en-us Thu, 26 Apr 2012 00:00:00 +0530 Wed, 17 Feb 2016 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178591 The Tribunal deemed the reassessment proceedings initiated by notice u/s 148 as illegal and quashed the assessment, citing jurisdictional issues. The Tribunal upheld the CIT(A)'s decision to reduce the addition on account of cash deposit and working out expenses and investments. Other grounds regarding the confirmation of additions were not considered due to the quashing of the assessment. Ultimately, the Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. Case-Laws Income Tax Thu, 26 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178591