https://www.taxtmi.com/caselaws?id=342678 The Tribunal allowed the appeal, quashing the assessment/reassessment order due to lack of jurisdiction in reopening the assessment and non-compliance with mandatory procedural requirements under the Income Tax Act. The reassessment was deemed invalid as the Assessing Officer failed to independently satisfy the conditions for reopening beyond four years and did not address the objections raised by the assessee before finalizing the reassessment. The decision was based on legal precedents emphasizing the importance of proper jurisdiction and procedural compliance. en-us Tue, 25 Apr 2017 00:00:00 +0530 Fri, 05 May 2017 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342678 The Tribunal allowed the appeal, quashing the assessment/reassessment order due to lack of jurisdiction in reopening the assessment and non-compliance with mandatory procedural requirements under the Income Tax Act. The reassessment was deemed invalid as the Assessing Officer failed to independently satisfy the conditions for reopening beyond four years and did not address the objections raised by the assessee before finalizing the reassessment. The decision was based on legal precedents emphasizing the importance of proper jurisdiction and procedural compliance. Case-Laws Income Tax Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342678