https://www.taxtmi.com/caselaws?id=341745 The reassessment proceedings were deemed invalid by the Tribunal due to procedural lapses and lack of proper reasons for reopening beyond the four-year period. The Tribunal quashed the reassessment, as the AO failed to make any additions based on the initial reasons for reopening and proceeded to make additions on new grounds without issuing a fresh notice. Consequently, the appeal of the assessee was allowed. en-us Mon, 03 Apr 2017 00:00:00 +0530 Mon, 17 Apr 2017 08:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341745 The reassessment proceedings were deemed invalid by the Tribunal due to procedural lapses and lack of proper reasons for reopening beyond the four-year period. The Tribunal quashed the reassessment, as the AO failed to make any additions based on the initial reasons for reopening and proceeded to make additions on new grounds without issuing a fresh notice. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Mon, 03 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341745