https://www.taxtmi.com/caselaws?id=368705 The Tribunal held that the reassessment proceedings were invalid under the second proviso to Section 12A(2) of the Income Tax Act, preventing reopening solely for non-registration for the preceding assessment year. As a result, the addition of Rs. 54,02,845/- to the taxable income was deleted, and the appeal of the assessee was allowed, overturning the decision of the Assessing Officer and CIT(A). en-us Mon, 20 Aug 2018 00:00:00 +0530 Fri, 12 Oct 2018 09:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368705 The Tribunal held that the reassessment proceedings were invalid under the second proviso to Section 12A(2) of the Income Tax Act, preventing reopening solely for non-registration for the preceding assessment year. As a result, the addition of Rs. 54,02,845/- to the taxable income was deleted, and the appeal of the assessee was allowed, overturning the decision of the Assessing Officer and CIT(A). Case-Laws Income Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368705