https://www.taxtmi.com/caselaws?id=26569 The Tribunal held that the reassessment under section 147(a) of the Income-tax Act was not valid as essential conditions were not satisfied, and there was no supporting material. The Appellate Assistant Commissioner erred in calling for a remand report, leading to the cancellation of reassessment. The Tribunal found the appeal by the assessee to be maintainable, as the Appellate Assistant Commissioner's order was final. The assessee was entitled to prefer the appeal before the Tribunal without waiting for further inquiries. The judgment ruled in favor of the assessee, directing the Revenue to pay costs. en-us Wed, 25 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 11:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26569 The Tribunal held that the reassessment under section 147(a) of the Income-tax Act was not valid as essential conditions were not satisfied, and there was no supporting material. The Appellate Assistant Commissioner erred in calling for a remand report, leading to the cancellation of reassessment. The Tribunal found the appeal by the assessee to be maintainable, as the Appellate Assistant Commissioner's order was final. The assessee was entitled to prefer the appeal before the Tribunal without waiting for further inquiries. The judgment ruled in favor of the assessee, directing the Revenue to pay costs. Case-Laws Income Tax Wed, 25 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26569