https://www.taxtmi.com/caselaws?id=284234 The Tribunal dismissed the revenue's appeal against the cancellation of the re-assessment order under section 148 of the Income Tax Act for the assessment year 1999-2000. The Tribunal found that the reasons for re-opening the assessment were unfounded as the assessee had indeed filed their return of income. Following previous judgments, the re-assessment order was canceled, and the appeal of the assessee was allowed. The Tribunal upheld the order of the CIT(Appeals) in favor of the assessee, concluding that the re-opening of the assessment was not justified. en-us Thu, 10 Dec 2015 00:00:00 +0530 Fri, 08 Nov 2019 08:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284234 The Tribunal dismissed the revenue's appeal against the cancellation of the re-assessment order under section 148 of the Income Tax Act for the assessment year 1999-2000. The Tribunal found that the reasons for re-opening the assessment were unfounded as the assessee had indeed filed their return of income. Following previous judgments, the re-assessment order was canceled, and the appeal of the assessee was allowed. The Tribunal upheld the order of the CIT(Appeals) in favor of the assessee, concluding that the re-opening of the assessment was not justified. Case-Laws Income Tax Thu, 10 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284234