https://www.taxtmi.com/caselaws?id=340164 The ITAT Hyderabad allowed the appeal of the assessee due to the condonation of delay in filing the appeal and the invalidity of the reassessment under section 147 of the Income Tax Act. The Tribunal emphasized the importance of recording reasons for reopening assessments and adhering to legal procedures for fair tax assessments. The reassessment was deemed void ab initio, leading to the quashing of the assessment order and the allowance of the assessee's appeal. en-us Fri, 10 Mar 2017 00:00:00 +0530 Thu, 16 Mar 2017 10:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340164 The ITAT Hyderabad allowed the appeal of the assessee due to the condonation of delay in filing the appeal and the invalidity of the reassessment under section 147 of the Income Tax Act. The Tribunal emphasized the importance of recording reasons for reopening assessments and adhering to legal procedures for fair tax assessments. The reassessment was deemed void ab initio, leading to the quashing of the assessment order and the allowance of the assessee's appeal. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340164