https://www.taxtmi.com/caselaws?id=180471 The High Court held that the initiation of proceedings under section 147(a) of the Income Tax Act was invalid as there were no new material facts to justify reassessment. The court quashed the Income Tax Appellate Tribunal's order and affirmed the First Appellate Authority's decision. Additionally, the court did not delve into the adequacy of the notice issued under section 148 as the focus was primarily on the validity of the initiation of proceedings under section 147(a). The Special Jurisdiction Case was allowed in favor of the assessee. en-us Mon, 10 Sep 2007 00:00:00 +0530 Fri, 25 Mar 2016 16:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180471 The High Court held that the initiation of proceedings under section 147(a) of the Income Tax Act was invalid as there were no new material facts to justify reassessment. The court quashed the Income Tax Appellate Tribunal's order and affirmed the First Appellate Authority's decision. Additionally, the court did not delve into the adequacy of the notice issued under section 148 as the focus was primarily on the validity of the initiation of proceedings under section 147(a). The Special Jurisdiction Case was allowed in favor of the assessee. Case-Laws Income Tax Mon, 10 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180471