https://www.taxtmi.com/caselaws?id=342683 The Tribunal quashed the reassessment proceedings initiated under section 147/148 of the Act, citing invalidity in the reference to the Transfer Pricing Officer (TPO) and lack of independent application of mind by the Assessing Officer (AO). As a result, the reassessment was deemed invalid and bad in law. The Tribunal did not address various disallowances and penalty proceedings due to the invalidity of the reassessment. The appeal of the assessee was allowed. en-us Fri, 05 May 2017 00:00:00 +0530 Wed, 10 May 2017 07:23:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342683 The Tribunal quashed the reassessment proceedings initiated under section 147/148 of the Act, citing invalidity in the reference to the Transfer Pricing Officer (TPO) and lack of independent application of mind by the Assessing Officer (AO). As a result, the reassessment was deemed invalid and bad in law. The Tribunal did not address various disallowances and penalty proceedings due to the invalidity of the reassessment. The appeal of the assessee was allowed. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342683