https://www.taxtmi.com/caselaws?id=294552 The appeal was filed against the Commissioner of Income Tax (Appeals) for the Assessment Year 2007-08. The Tribunal found that the reassessment proceedings and notice u/s. 148 lacked valid jurisdiction as the Assessee had indeed filed the return of income for the relevant year. Consequently, the notice u/s. 148 and all related proceedings were quashed. The issue regarding the addition of Rs. 7.00 lacs on account of investment in SBI M.F. was not adjudicated due to the lack of jurisdiction. The appeal was allowed on legal grounds, and the order was pronounced in favor of the Assessee. en-us Wed, 26 Sep 2018 00:00:00 +0530 Wed, 21 Apr 2021 08:15:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294552 The appeal was filed against the Commissioner of Income Tax (Appeals) for the Assessment Year 2007-08. The Tribunal found that the reassessment proceedings and notice u/s. 148 lacked valid jurisdiction as the Assessee had indeed filed the return of income for the relevant year. Consequently, the notice u/s. 148 and all related proceedings were quashed. The issue regarding the addition of Rs. 7.00 lacs on account of investment in SBI M.F. was not adjudicated due to the lack of jurisdiction. The appeal was allowed on legal grounds, and the order was pronounced in favor of the Assessee. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294552