https://www.taxtmi.com/caselaws?id=190871 The Tribunal ruled in favor of the appellant, canceling the fresh assessment made by the Assessing Officer under section 158BC of the Income Tax Act. The Tribunal considered jurisdictional errors in the original assessment and subsequent reassessment, including repeating additions not approved by the competent authority and ignoring crucial evidence recorded under section 131. The appellant's request for dropping proceedings and deletion of computed undisclosed income was granted based on the grounds presented, emphasizing the lack of jurisdiction and void-ab-initio nature of the assessment. en-us Fri, 30 Apr 2010 00:00:00 +0530 Tue, 07 Mar 2017 16:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190871 The Tribunal ruled in favor of the appellant, canceling the fresh assessment made by the Assessing Officer under section 158BC of the Income Tax Act. The Tribunal considered jurisdictional errors in the original assessment and subsequent reassessment, including repeating additions not approved by the competent authority and ignoring crucial evidence recorded under section 131. The appellant's request for dropping proceedings and deletion of computed undisclosed income was granted based on the grounds presented, emphasizing the lack of jurisdiction and void-ab-initio nature of the assessment. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190871