https://www.taxtmi.com/caselaws?id=13480 The court dismissed the appeal challenging the validity of reassessment proceedings initiated under section 148 for the assessment year 1989-90. Both the Commissioner (Appeals) and the Tribunal held that the proceedings were without jurisdiction. The court found that the reasons for reassessment were based on assumptions rather than concrete evidence, leading to a lack of substantive grounds for the reassessment. Consequently, the court concluded that no substantial question of law arose, affirming the invalidity of the reassessment and dismissing the appeal. en-us Thu, 16 Feb 2006 00:00:00 +0530 Fri, 29 May 2009 11:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13480 The court dismissed the appeal challenging the validity of reassessment proceedings initiated under section 148 for the assessment year 1989-90. Both the Commissioner (Appeals) and the Tribunal held that the proceedings were without jurisdiction. The court found that the reasons for reassessment were based on assumptions rather than concrete evidence, leading to a lack of substantive grounds for the reassessment. Consequently, the court concluded that no substantial question of law arose, affirming the invalidity of the reassessment and dismissing the appeal. Case-Laws Income Tax Thu, 16 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13480