https://www.taxtmi.com/caselaws?id=381274 The Tribunal upheld the validity of reassessment proceedings under Section 147 of the Income Tax Act, dismissing challenges raised by 14 assessees. It ruled against protective additions based on "dumb documents" unrelated to the assessees, deleting additions totaling Rs. 8,07,43,547. The Tribunal set aside the disallowance of expenses totaling Rs. 45,24,621 for further adjudication by the CIT(A). Additionally, it found that the CIT(A) exceeded her jurisdiction by directing the reopening of cases for subsequent assessment years, leading to the allowance of this common issue raised by the assessees. en-us Tue, 04 Jun 2019 00:00:00 +0530 Thu, 06 Jun 2019 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381274 The Tribunal upheld the validity of reassessment proceedings under Section 147 of the Income Tax Act, dismissing challenges raised by 14 assessees. It ruled against protective additions based on "dumb documents" unrelated to the assessees, deleting additions totaling Rs. 8,07,43,547. The Tribunal set aside the disallowance of expenses totaling Rs. 45,24,621 for further adjudication by the CIT(A). Additionally, it found that the CIT(A) exceeded her jurisdiction by directing the reopening of cases for subsequent assessment years, leading to the allowance of this common issue raised by the assessees. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381274