https://www.taxtmi.com/caselaws?id=339407 The Tribunal quashed the reassessment proceedings under sections 147/148 due to invalid initiation based on audit objections and lack of independent satisfaction by the Assessing Officer. Consequently, the assessment order passed under section 143(3) read with section 147 was also quashed. The appeal of the assessee was allowed as the grounds of appeal on the merits of the additions were dismissed due to the invalidity of the reassessment. en-us Wed, 15 Feb 2017 00:00:00 +0530 Sat, 25 Feb 2017 15:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339407 The Tribunal quashed the reassessment proceedings under sections 147/148 due to invalid initiation based on audit objections and lack of independent satisfaction by the Assessing Officer. Consequently, the assessment order passed under section 143(3) read with section 147 was also quashed. The appeal of the assessee was allowed as the grounds of appeal on the merits of the additions were dismissed due to the invalidity of the reassessment. Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339407