https://www.taxtmi.com/caselaws?id=345663 The Allahabad High Court ruled against the Revenue, holding that the re-assessment proceedings initiated by the Assessing Officer were impermissible reviews rather than valid exercises of power. The Court emphasized that the Assessing Officer had merely taken a different view without any new material, leading to the dismissal of both appeals in favor of the Assessee. The High Court upheld the decision of the Commissioner of Income Tax (Appeals)-III, stating that there was no justification for deviating from the Tribunal's decision. en-us Fri, 07 Jul 2017 00:00:00 +0530 Thu, 31 May 2018 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345663 The Allahabad High Court ruled against the Revenue, holding that the re-assessment proceedings initiated by the Assessing Officer were impermissible reviews rather than valid exercises of power. The Court emphasized that the Assessing Officer had merely taken a different view without any new material, leading to the dismissal of both appeals in favor of the Assessee. The High Court upheld the decision of the Commissioner of Income Tax (Appeals)-III, stating that there was no justification for deviating from the Tribunal's decision. Case-Laws Income Tax Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345663