https://www.taxtmi.com/caselaws?id=378721 The Tribunal allowed the appeal, quashing the assessment order under section 153A due to lack of jurisdiction. It held that once the Income Tax Settlement Commission settles an assessment year, the Assessing Officer cannot reassess unless fraud is involved. The Tribunal emphasized that the Revenue should address non-disclosure or misrepresentation concerns through the Settlement Commission. The disallowance of expenditure issue was not addressed as the primary jurisdictional matter favored the assessee. en-us Thu, 11 Apr 2019 00:00:00 +0530 Fri, 19 Apr 2019 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378721 The Tribunal allowed the appeal, quashing the assessment order under section 153A due to lack of jurisdiction. It held that once the Income Tax Settlement Commission settles an assessment year, the Assessing Officer cannot reassess unless fraud is involved. The Tribunal emphasized that the Revenue should address non-disclosure or misrepresentation concerns through the Settlement Commission. The disallowance of expenditure issue was not addressed as the primary jurisdictional matter favored the assessee. Case-Laws Income Tax Thu, 11 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378721