https://www.taxtmi.com/caselaws?id=345963 The Tribunal allowed the appeal, setting aside the reassessment proceedings initiated without proper jurisdiction and valid reasons. The disallowance of Rs. 52,50,000 for purchasing PGSM Software Module was deleted due to lack of proper verification by the Assessing Officer and reliance on incorrect information. Procedural lapses, including failure to serve notices and violation of natural justice principles, were noted. The Tribunal emphasized the findings were based on surmises, leading to a violation of natural justice. The appeal was allowed, and the reassessment proceedings were set aside, with the disallowance amount being deleted. en-us Fri, 24 Mar 2017 00:00:00 +0530 Mon, 31 Jul 2017 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345963 The Tribunal allowed the appeal, setting aside the reassessment proceedings initiated without proper jurisdiction and valid reasons. The disallowance of Rs. 52,50,000 for purchasing PGSM Software Module was deleted due to lack of proper verification by the Assessing Officer and reliance on incorrect information. Procedural lapses, including failure to serve notices and violation of natural justice principles, were noted. The Tribunal emphasized the findings were based on surmises, leading to a violation of natural justice. The appeal was allowed, and the reassessment proceedings were set aside, with the disallowance amount being deleted. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345963