https://www.taxtmi.com/caselaws?id=383909 The Tribunal upheld the quashing of reassessment proceedings for A.Y. 2003-04 and A.Y. 2004-05, ruling that the assessee's actions did not lead to any taxable income evasion. The AO's initiation of reassessment based on alleged misrepresentation of sales was deemed unfounded, as the assessee had authorization under a special scheme. Consequently, all proceedings and additions made by the AO were canceled for both assessment years. en-us Tue, 16 Jul 2019 00:00:00 +0530 Thu, 01 Aug 2019 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383909 The Tribunal upheld the quashing of reassessment proceedings for A.Y. 2003-04 and A.Y. 2004-05, ruling that the assessee's actions did not lead to any taxable income evasion. The AO's initiation of reassessment based on alleged misrepresentation of sales was deemed unfounded, as the assessee had authorization under a special scheme. Consequently, all proceedings and additions made by the AO were canceled for both assessment years. Case-Laws Income Tax Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383909