https://www.taxtmi.com/caselaws?id=272338 The Supreme Court held that re-assessment for the Assessment Year 1997-98 under the Interest Tax Act, 1974, without an original assessment order, was invalid. The Court ruled in favor of the appellant, emphasizing that re-assessment can only occur following an initial assessment order. As the appellant had not received such an order, the re-assessment was deemed improper. Therefore, the Supreme Court allowed the appeal, overturning the High Court's decision and reinstating the lower authorities' orders in favor of the appellant. en-us Tue, 09 Feb 2016 00:00:00 +0530 Tue, 03 May 2016 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272338 The Supreme Court held that re-assessment for the Assessment Year 1997-98 under the Interest Tax Act, 1974, without an original assessment order, was invalid. The Court ruled in favor of the appellant, emphasizing that re-assessment can only occur following an initial assessment order. As the appellant had not received such an order, the re-assessment was deemed improper. Therefore, the Supreme Court allowed the appeal, overturning the High Court's decision and reinstating the lower authorities' orders in favor of the appellant. Case-Laws Income Tax Tue, 09 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272338