https://www.taxtmi.com/caselaws?id=6563 The SC held that the Assessing Officer can initiate reassessment proceedings under section 147 when its ingredients are satisfied, regardless of failure to complete assessment under section 143(3). The court ruled that non-completion of regular assessment procedures does not render the Assessing Officer powerless to commence reassessment, even after issuing intimation under section 143(1). The revenue's appeal was allowed. en-us Wed, 23 May 2007 00:00:00 +0530 Wed, 14 May 2025 16:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6563 The SC held that the Assessing Officer can initiate reassessment proceedings under section 147 when its ingredients are satisfied, regardless of failure to complete assessment under section 143(3). The court ruled that non-completion of regular assessment procedures does not render the Assessing Officer powerless to commence reassessment, even after issuing intimation under section 143(1). The revenue's appeal was allowed. Case-Laws Income Tax Wed, 23 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6563