https://www.taxtmi.com/caselaws?id=406871 The Appellate Tribunal ITAT Mumbai invalidated the reassessment proceedings due to the notice being issued beyond the statutory time limit and lacking new material for reassessment. Consequently, the Tribunal quashed the assessment under section 143(3) read with section 147 of the Income Tax Act, allowing the appeal on jurisdictional grounds. As a result, the Tribunal did not extensively analyze the merits of the additions made in the assessment or the claim of rebate under section 88E, as the annulment of the reassessment proceedings made further examination unnecessary. en-us Wed, 17 Mar 2021 00:00:00 +0530 Mon, 26 Apr 2021 10:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406871 The Appellate Tribunal ITAT Mumbai invalidated the reassessment proceedings due to the notice being issued beyond the statutory time limit and lacking new material for reassessment. Consequently, the Tribunal quashed the assessment under section 143(3) read with section 147 of the Income Tax Act, allowing the appeal on jurisdictional grounds. As a result, the Tribunal did not extensively analyze the merits of the additions made in the assessment or the claim of rebate under section 88E, as the annulment of the reassessment proceedings made further examination unnecessary. Case-Laws Income Tax Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406871