https://www.taxtmi.com/caselaws?id=358060 The Tribunal upheld the CIT(A)'s decision to delete additions made in re-assessment proceedings for Assessment Years 2004-05 and 2007-08, ruling that the jurisdiction under Section 147 was invalid due to a retrospective amendment to Section 115JB not being in effect at the time of notice issuance. The Tribunal also found the addition of deferred tax liability invalid due to the notice being issued before the amendment came into effect. For the Assessment Year 2007-08, the Tribunal dismissed both the revenue's appeal and the assessee's Cross Objection, citing violations of natural justice and procedural fairness in the reopening proceedings. en-us Wed, 31 Jan 2018 00:00:00 +0530 Thu, 05 Apr 2018 08:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358060 The Tribunal upheld the CIT(A)'s decision to delete additions made in re-assessment proceedings for Assessment Years 2004-05 and 2007-08, ruling that the jurisdiction under Section 147 was invalid due to a retrospective amendment to Section 115JB not being in effect at the time of notice issuance. The Tribunal also found the addition of deferred tax liability invalid due to the notice being issued before the amendment came into effect. For the Assessment Year 2007-08, the Tribunal dismissed both the revenue's appeal and the assessee's Cross Objection, citing violations of natural justice and procedural fairness in the reopening proceedings. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358060