https://www.taxtmi.com/caselaws?id=281302 The court ruled in favor of the assessee in this case. It found that the reopening of assessments for the years 1999-2000 and 2000-2001 under Section 148 of the Income Tax Act was invalid due to lack of valid reasons at the time of issuing the notice. Additionally, the court determined that the Tribunal's reversal of the CIT(A)'s findings regarding the estimation of agricultural income for the year 2003-2004 was unjustified. Consequently, both issues were decided in favor of the assessee, and the appeals were allowed with no order as to costs. en-us Fri, 07 Aug 2015 00:00:00 +0530 Thu, 13 Jun 2019 06:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281302 The court ruled in favor of the assessee in this case. It found that the reopening of assessments for the years 1999-2000 and 2000-2001 under Section 148 of the Income Tax Act was invalid due to lack of valid reasons at the time of issuing the notice. Additionally, the court determined that the Tribunal's reversal of the CIT(A)'s findings regarding the estimation of agricultural income for the year 2003-2004 was unjustified. Consequently, both issues were decided in favor of the assessee, and the appeals were allowed with no order as to costs. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281302