https://www.taxtmi.com/caselaws?id=297911 The Tribunal ruled in favor of the Assessee, quashing the reassessment under section 147 of the Income Tax Act due to insufficient reasons and legal prerequisites. Consequently, the additions made by the Assessing Officer were deleted, leading to the Assessee's Cross Objection being allowed and the Revenue's appeal being dismissed. en-us Mon, 14 Mar 2016 00:00:00 +0530 Thu, 30 Sep 2021 10:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297911 The Tribunal ruled in favor of the Assessee, quashing the reassessment under section 147 of the Income Tax Act due to insufficient reasons and legal prerequisites. Consequently, the additions made by the Assessing Officer were deleted, leading to the Assessee's Cross Objection being allowed and the Revenue's appeal being dismissed. Case-Laws Income Tax Mon, 14 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297911