https://www.taxtmi.com/caselaws?id=291378 The Tribunal dismissed the Revenue's appeal against the deletion of additions related to unexplained cash, upholding the CIT(A)'s decision. Regarding the jurisdiction to initiate reassessment proceedings under section 147, the Tribunal emphasized the need for the Assessing Officer to dispose of objections separately before passing a reassessment order, quashing the order due to non-compliance. Similarly, objections against the issuance of notice u/s 148 were not separately disposed of, leading the Tribunal to quash the re-assessment order. The focus was on procedural compliance, with the Tribunal stressing the importance of addressing objections before proceeding with reassessment. en-us Fri, 10 Apr 2015 00:00:00 +0530 Sun, 08 Nov 2020 16:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291378 The Tribunal dismissed the Revenue's appeal against the deletion of additions related to unexplained cash, upholding the CIT(A)'s decision. Regarding the jurisdiction to initiate reassessment proceedings under section 147, the Tribunal emphasized the need for the Assessing Officer to dispose of objections separately before passing a reassessment order, quashing the order due to non-compliance. Similarly, objections against the issuance of notice u/s 148 were not separately disposed of, leading the Tribunal to quash the re-assessment order. The focus was on procedural compliance, with the Tribunal stressing the importance of addressing objections before proceeding with reassessment. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291378