https://www.taxtmi.com/caselaws?id=408558 The Tribunal quashed the reassessment proceedings as void ab initio due to the absence of mentioning the failure on the part of the assessee in the reasons recorded by the ld. AO, following the High Court decision. The relief was granted to the assessee on the preliminary ground of invalid assumption of jurisdiction u/s.147 of the Act. Consequently, the appeal was allowed, and the Tribunal refrained from giving an opinion on the merits, leaving them open for future consideration. en-us Fri, 11 Jun 2021 00:00:00 +0530 Tue, 15 Jun 2021 07:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408558 The Tribunal quashed the reassessment proceedings as void ab initio due to the absence of mentioning the failure on the part of the assessee in the reasons recorded by the ld. AO, following the High Court decision. The relief was granted to the assessee on the preliminary ground of invalid assumption of jurisdiction u/s.147 of the Act. Consequently, the appeal was allowed, and the Tribunal refrained from giving an opinion on the merits, leaving them open for future consideration. Case-Laws Income Tax Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408558