https://www.taxtmi.com/caselaws?id=416450 The High Court invalidated the reassessment under Section 147 of the Income Tax Act for the assessment year 2005-06, as it pertained to issues already under appeal, deleting the additions made. The Court upheld the findings against the Revenue and in favor of the Assessee, ruling that the reassessment violated the second proviso to Section 147(1) by reopening assessments on matters already under appeal. The appeal was dismissed with no order as to costs. en-us Mon, 06 Sep 2021 00:00:00 +0530 Wed, 29 Dec 2021 08:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416450 The High Court invalidated the reassessment under Section 147 of the Income Tax Act for the assessment year 2005-06, as it pertained to issues already under appeal, deleting the additions made. The Court upheld the findings against the Revenue and in favor of the Assessee, ruling that the reassessment violated the second proviso to Section 147(1) by reopening assessments on matters already under appeal. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Mon, 06 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416450