https://www.taxtmi.com/caselaws?id=288489 The Appellate Tribunal ITAT Pune condoned the delay in filing cross objections by the assessee, allowing the case to proceed. It found the reassessments invalid as they were not based on reasons recorded for reopening the assessment, following the precedent set by the Bombay High Court. Consequently, the Tribunal quashed the reassessments, leading to the dismissal of the Revenue's appeals as an academic exercise and the allowance of cross objections by the assessee. en-us Thu, 05 Sep 2019 00:00:00 +0530 Wed, 10 Jun 2020 20:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288489 The Appellate Tribunal ITAT Pune condoned the delay in filing cross objections by the assessee, allowing the case to proceed. It found the reassessments invalid as they were not based on reasons recorded for reopening the assessment, following the precedent set by the Bombay High Court. Consequently, the Tribunal quashed the reassessments, leading to the dismissal of the Revenue's appeals as an academic exercise and the allowance of cross objections by the assessee. Case-Laws Income Tax Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288489