https://www.taxtmi.com/caselaws?id=418274 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated under section 147 of the Income-tax Act as they were beyond the permissible period and lacked new factual information. Consequently, the challenges regarding the addition to income and charging of interest were dismissed as the reassessment was deemed invalid. The Tribunal's decision was pronounced in February 2022. en-us Thu, 10 Feb 2022 00:00:00 +0530 Sat, 12 Feb 2022 09:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418274 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated under section 147 of the Income-tax Act as they were beyond the permissible period and lacked new factual information. Consequently, the challenges regarding the addition to income and charging of interest were dismissed as the reassessment was deemed invalid. The Tribunal's decision was pronounced in February 2022. Case-Laws Income Tax Thu, 10 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418274