https://www.taxtmi.com/caselaws?id=373122 The Tribunal held that the initiation of reassessment proceedings for A.Y. 2004-05 was invalid due to non-existent reasons and a time-barred notice. The addition of amounts for A.Y. 2006-07 was confirmed as chargeable to tax. For A.Y. 2007-08, the matter was remitted for further consideration. Disallowances for A.Y. 2008-09 were dismissed as infructuous. In A.Y. 2010-11, the lower income offered in response to a notice was ignored, upholding the original assessment. Appeals for A.Y. 2004-05 and 2007-08 were allowed, while those for A.Y. 2006-07 and 2010-11 were dismissed, with the A.Y. 2008-09 appeal deemed infructuous. en-us Thu, 03 Jan 2019 00:00:00 +0530 Mon, 07 Jan 2019 12:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373122 The Tribunal held that the initiation of reassessment proceedings for A.Y. 2004-05 was invalid due to non-existent reasons and a time-barred notice. The addition of amounts for A.Y. 2006-07 was confirmed as chargeable to tax. For A.Y. 2007-08, the matter was remitted for further consideration. Disallowances for A.Y. 2008-09 were dismissed as infructuous. In A.Y. 2010-11, the lower income offered in response to a notice was ignored, upholding the original assessment. Appeals for A.Y. 2004-05 and 2007-08 were allowed, while those for A.Y. 2006-07 and 2010-11 were dismissed, with the A.Y. 2008-09 appeal deemed infructuous. Case-Laws Income Tax Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373122