https://www.taxtmi.com/caselaws?id=402396 The ITAT dismissed the Revenue's Miscellaneous Application seeking to recall the ITAT order for the Assessment Year 2007-08. The reassessment proceedings under Section 147 were quashed by the CIT(A) and the ITAT due to monetary limits specified in CBDT Circular No. 03/2018. The Revenue's claim of reopening based on audit objections was disputed as the AO had denied reliance on audit objections in an affidavit filed in the High Court. The ITAT held that the claim was disputable and not an apparent mistake, thus dismissing the Revenue's application on 28.12.2020. en-us Mon, 28 Dec 2020 00:00:00 +0530 Thu, 31 Dec 2020 14:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402396 The ITAT dismissed the Revenue's Miscellaneous Application seeking to recall the ITAT order for the Assessment Year 2007-08. The reassessment proceedings under Section 147 were quashed by the CIT(A) and the ITAT due to monetary limits specified in CBDT Circular No. 03/2018. The Revenue's claim of reopening based on audit objections was disputed as the AO had denied reliance on audit objections in an affidavit filed in the High Court. The ITAT held that the claim was disputable and not an apparent mistake, thus dismissing the Revenue's application on 28.12.2020. Case-Laws Income Tax Mon, 28 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402396