https://www.taxtmi.com/caselaws?id=381072 The revenue filed an appeal under Section 260A of the Income Tax Act against the Income Tax Appellate Tribunal's order for the assessment year 2008-09, questioning the validity of proceedings under Section 147. The revenue raised concerns about the lack of tangible material supporting the assessment reopening and the acceptance of the appeal by the Assessee without challenging crucial aspects. Despite arguing that the Tribunal's decision overlooked material on record, the revenue ultimately withdrew the appeal due to the tax effect being below the prescribed limit, reserving the right to revive the application if needed. en-us Mon, 25 Mar 2019 00:00:00 +0530 Mon, 03 Jun 2019 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381072 The revenue filed an appeal under Section 260A of the Income Tax Act against the Income Tax Appellate Tribunal's order for the assessment year 2008-09, questioning the validity of proceedings under Section 147. The revenue raised concerns about the lack of tangible material supporting the assessment reopening and the acceptance of the appeal by the Assessee without challenging crucial aspects. Despite arguing that the Tribunal's decision overlooked material on record, the revenue ultimately withdrew the appeal due to the tax effect being below the prescribed limit, reserving the right to revive the application if needed. Case-Laws Income Tax Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381072