https://www.taxtmi.com/caselaws?id=190979 The Tribunal found the proceedings under Section 148 of the Income-tax Act, 1961 for AY 2000-01 invalid due to the Assessing Officer's failure to disclose reasons for reopening the assessment within the statutory time limit. Citing legal precedents, the Tribunal held that the reassessment order was unsustainable, emphasizing the importance of timely communication of reasons. Consequently, the Tribunal ruled in favor of the assessee, setting aside the Assessing Officer's order under Section 148. en-us Fri, 08 Jul 2011 00:00:00 +0530 Wed, 15 Mar 2017 17:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190979 The Tribunal found the proceedings under Section 148 of the Income-tax Act, 1961 for AY 2000-01 invalid due to the Assessing Officer's failure to disclose reasons for reopening the assessment within the statutory time limit. Citing legal precedents, the Tribunal held that the reassessment order was unsustainable, emphasizing the importance of timely communication of reasons. Consequently, the Tribunal ruled in favor of the assessee, setting aside the Assessing Officer's order under Section 148. Case-Laws Income Tax Fri, 08 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190979