https://www.taxtmi.com/caselaws?id=188934 The Tribunal allowed the appeal, overturning the initiation of reassessment proceedings by the AO. The Tribunal found the reasons recorded for initiating reassessment to be general and not specific to the assessee's case. Citing previous judgments, the Tribunal held that the AO lacked jurisdiction in initiating the reassessment. As there was no higher judicial forum order favoring the Revenue, the Tribunal ruled in favor of the assessee, quashing the reassessment proceedings. en-us Tue, 19 Aug 2014 00:00:00 +0530 Wed, 21 Dec 2016 11:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188934 The Tribunal allowed the appeal, overturning the initiation of reassessment proceedings by the AO. The Tribunal found the reasons recorded for initiating reassessment to be general and not specific to the assessee's case. Citing previous judgments, the Tribunal held that the AO lacked jurisdiction in initiating the reassessment. As there was no higher judicial forum order favoring the Revenue, the Tribunal ruled in favor of the assessee, quashing the reassessment proceedings. Case-Laws Income Tax Tue, 19 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188934