https://www.taxtmi.com/caselaws?id=350505 The court quashed the re-assessment proceedings initiated under section 147 of the I.T. Act, citing lack of new material and incorrect reasons for reopening. The additions made by the A.O. were challenged by the assessee and ultimately deemed deleted due to the invalidity of the re-assessment proceedings. The court emphasized the necessity of proper justification and legal compliance in such cases, leading to the dismissal of all additions and highlighting the importance of adherence to legal precedents in tax assessments. en-us Fri, 03 Nov 2017 00:00:00 +0530 Mon, 06 Nov 2017 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350505 The court quashed the re-assessment proceedings initiated under section 147 of the I.T. Act, citing lack of new material and incorrect reasons for reopening. The additions made by the A.O. were challenged by the assessee and ultimately deemed deleted due to the invalidity of the re-assessment proceedings. The court emphasized the necessity of proper justification and legal compliance in such cases, leading to the dismissal of all additions and highlighting the importance of adherence to legal precedents in tax assessments. Case-Laws Income Tax Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350505