https://www.taxtmi.com/caselaws?id=384806 The Bombay High Court dismissed the petition challenging the dropping of assessment proceedings under Section 147 of the Income Tax Act. The court upheld the decision of the Assessing Officer to drop the proceedings, even though the assessee did not oppose the notice for reassessment. Citing previous precedent, the court emphasized that dropping reassessment proceedings under Section 147, even without opposition from the assessee, is permissible and serves the interests of the Revenue. en-us Fri, 16 Aug 2019 00:00:00 +0530 Fri, 23 Aug 2019 07:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384806 The Bombay High Court dismissed the petition challenging the dropping of assessment proceedings under Section 147 of the Income Tax Act. The court upheld the decision of the Assessing Officer to drop the proceedings, even though the assessee did not oppose the notice for reassessment. Citing previous precedent, the court emphasized that dropping reassessment proceedings under Section 147, even without opposition from the assessee, is permissible and serves the interests of the Revenue. Case-Laws Income Tax Fri, 16 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384806