https://www.taxtmi.com/caselaws?id=352394 The Tribunal allowed the appeals of the assessee, quashing the reassessment orders as barred by limitation. The reassessment proceedings initiated under Sections 147/148 were found to be invalid due to the expiration of the limitation period as prescribed under Section 149 read with Section 150(2) of the IT Act. Consequently, the Tribunal did not address the merits of the addition under Section 69 of the Act. en-us Fri, 08 Dec 2017 00:00:00 +0530 Thu, 14 Dec 2017 09:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352394 The Tribunal allowed the appeals of the assessee, quashing the reassessment orders as barred by limitation. The reassessment proceedings initiated under Sections 147/148 were found to be invalid due to the expiration of the limitation period as prescribed under Section 149 read with Section 150(2) of the IT Act. Consequently, the Tribunal did not address the merits of the addition under Section 69 of the Act. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352394