https://www.taxtmi.com/caselaws?id=346884 The Tribunal found that initiating reassessment proceedings under Section 147 of the Income Tax Act while proceedings under Section 143(2) were pending was irregular and invalid. The reassessment order was quashed, leading to the appeal being allowed in favor of the assessee. The Tribunal did not address the original ground of confirming the addition of Rs. 1,25,00,000 to the assessee's income due to the jurisdictional error. The appeal was allowed, and the original addition was not adjudicated. en-us Tue, 08 Aug 2017 00:00:00 +0530 Fri, 25 Aug 2017 06:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346884 The Tribunal found that initiating reassessment proceedings under Section 147 of the Income Tax Act while proceedings under Section 143(2) were pending was irregular and invalid. The reassessment order was quashed, leading to the appeal being allowed in favor of the assessee. The Tribunal did not address the original ground of confirming the addition of Rs. 1,25,00,000 to the assessee's income due to the jurisdictional error. The appeal was allowed, and the original addition was not adjudicated. Case-Laws Income Tax Tue, 08 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346884