https://www.taxtmi.com/caselaws?id=13419 The HC held the writ petition maintainable but dismissed it on merits, concluding that Section 153(2A) of the Income-tax Act did not apply. The court determined that the reassessment proceedings were not time-barred, as the Tribunal's order did not constitute a fresh assessment but a reconsideration of specific issues. The court found that the petitioners attempted to avoid tax payment on technical grounds and dismissed the writ petitions without costs, deeming the Revenue's objection on maintainability unreasonable. en-us Fri, 15 Dec 2006 00:00:00 +0530 Fri, 09 Feb 2024 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13419 The HC held the writ petition maintainable but dismissed it on merits, concluding that Section 153(2A) of the Income-tax Act did not apply. The court determined that the reassessment proceedings were not time-barred, as the Tribunal's order did not constitute a fresh assessment but a reconsideration of specific issues. The court found that the petitioners attempted to avoid tax payment on technical grounds and dismissed the writ petitions without costs, deeming the Revenue's objection on maintainability unreasonable. Case-Laws Income Tax Fri, 15 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13419