https://www.taxtmi.com/caselaws?id=295693 The ITAT Ahmedabad ruled in favor of the appellant, quashing the reassessment proceedings initiated by the Assessing Officer. The court held that the reassessment notice under section 148 was invalid as the Assessing Officer failed to demonstrate any non-disclosure of material facts by the appellant during the original assessment. Consequently, the addition of alleged excess depreciation was disallowed, providing relief to the appellant in the case concerning the assessment year 2008-09 under the Income Tax Act, 1961. en-us Thu, 12 Nov 2015 00:00:00 +0530 Wed, 16 Jun 2021 10:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295693 The ITAT Ahmedabad ruled in favor of the appellant, quashing the reassessment proceedings initiated by the Assessing Officer. The court held that the reassessment notice under section 148 was invalid as the Assessing Officer failed to demonstrate any non-disclosure of material facts by the appellant during the original assessment. Consequently, the addition of alleged excess depreciation was disallowed, providing relief to the appellant in the case concerning the assessment year 2008-09 under the Income Tax Act, 1961. Case-Laws Income Tax Thu, 12 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295693