https://www.taxtmi.com/caselaws?id=2482 The High Court upheld the Tribunal's decision to quash reassessment orders for the years 1985-86 and 1986-87, finding the reassessment proceedings were inconclusive. The Court also affirmed the quashing of the reassessment order related to M/s. Jagdamba Griha Nirman Sahakari Samiti Ltd., emphasizing that simultaneous assessment proceedings were impermissible. The Court determined the entities were separate, leading to the invalidation of the assessment order for the respondent assessee. Ultimately, the Court dismissed both appeals, deeming the issues raised to be of academic importance and not warranting further legal consideration. en-us Mon, 09 Oct 2006 00:00:00 +0530 Thu, 31 Jul 2008 09:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2482 The High Court upheld the Tribunal's decision to quash reassessment orders for the years 1985-86 and 1986-87, finding the reassessment proceedings were inconclusive. The Court also affirmed the quashing of the reassessment order related to M/s. Jagdamba Griha Nirman Sahakari Samiti Ltd., emphasizing that simultaneous assessment proceedings were impermissible. The Court determined the entities were separate, leading to the invalidation of the assessment order for the respondent assessee. Ultimately, the Court dismissed both appeals, deeming the issues raised to be of academic importance and not warranting further legal consideration. Case-Laws Income Tax Mon, 09 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2482