https://www.taxtmi.com/caselaws?id=346419 The Tribunal upheld the validity of the reassessment under sections 143(3) and 147 of the Income Tax Act due to the assessee's failure to file the return on time. It dismissed claims of inadequate opportunity by the Commissioner of Income Tax (Appeals) and criticized the disallowance of expenses and additions as unfair and resulting in double taxation. The Tribunal directed a fresh reassessment with specific guidelines to ensure fairness, reasonable estimation of income, and avoidance of multiple additions, emphasizing the importance of providing reasonable opportunities to the assessee. en-us Fri, 23 Jun 2017 00:00:00 +0530 Sat, 12 Aug 2017 08:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346419 The Tribunal upheld the validity of the reassessment under sections 143(3) and 147 of the Income Tax Act due to the assessee's failure to file the return on time. It dismissed claims of inadequate opportunity by the Commissioner of Income Tax (Appeals) and criticized the disallowance of expenses and additions as unfair and resulting in double taxation. The Tribunal directed a fresh reassessment with specific guidelines to ensure fairness, reasonable estimation of income, and avoidance of multiple additions, emphasizing the importance of providing reasonable opportunities to the assessee. Case-Laws Income Tax Fri, 23 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346419