https://www.taxtmi.com/caselaws?id=335216 The Tribunal allowed the admission of additional grounds challenging the assumption of jurisdiction u/s 147/148 of the Act, emphasizing the right of the assessee to raise legal issues. It found the initiation of re-assessment proceedings and the notice u/s 147 & 148 to be invalid due to discrepancies in the reasons recorded. Consequently, the reassessment proceedings were quashed, and the appeal was allowed solely on legal grounds. The Tribunal dismissed the merits of the appeal as academic since the reassessment proceedings were already quashed. en-us Mon, 05 Sep 2016 00:00:00 +0530 Mon, 28 Nov 2016 12:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335216 The Tribunal allowed the admission of additional grounds challenging the assumption of jurisdiction u/s 147/148 of the Act, emphasizing the right of the assessee to raise legal issues. It found the initiation of re-assessment proceedings and the notice u/s 147 & 148 to be invalid due to discrepancies in the reasons recorded. Consequently, the reassessment proceedings were quashed, and the appeal was allowed solely on legal grounds. The Tribunal dismissed the merits of the appeal as academic since the reassessment proceedings were already quashed. Case-Laws Income Tax Mon, 05 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335216