https://www.taxtmi.com/caselaws?id=376058 The Tribunal found the reassessment proceedings under section 147/148 of the Income Tax Act invalid due to the absence of proper notice and lack of new material. Consequently, the reassessment order was quashed, and the appeal by the assessee was allowed. The Tribunal emphasized the importance of procedural compliance and the requirement of new tangible material for valid reassessment processes. en-us Wed, 16 Jan 2019 00:00:00 +0530 Fri, 01 Mar 2019 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376058 The Tribunal found the reassessment proceedings under section 147/148 of the Income Tax Act invalid due to the absence of proper notice and lack of new material. Consequently, the reassessment order was quashed, and the appeal by the assessee was allowed. The Tribunal emphasized the importance of procedural compliance and the requirement of new tangible material for valid reassessment processes. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376058