https://www.taxtmi.com/caselaws?id=410397 The appeals of the assessee for both assessment years were allowed, while those of the Revenue were dismissed. The reassessment orders were deemed to lack jurisdiction under Section 147 of the Income Tax Act, 1961, as the reasons recorded for reopening the assessments did not meet the prerequisites for assuming jurisdiction. The assessment was set aside and cancelled due to the misdirection in reopening the completed assessment without a legal foundation. en-us Thu, 29 Jul 2021 00:00:00 +0530 Sat, 31 Jul 2021 09:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410397 The appeals of the assessee for both assessment years were allowed, while those of the Revenue were dismissed. The reassessment orders were deemed to lack jurisdiction under Section 147 of the Income Tax Act, 1961, as the reasons recorded for reopening the assessments did not meet the prerequisites for assuming jurisdiction. The assessment was set aside and cancelled due to the misdirection in reopening the completed assessment without a legal foundation. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410397