https://www.taxtmi.com/caselaws?id=423020 The Tribunal quashed the re-assessment orders for multiple assessment years, finding the Assessing Officer wrongfully assumed jurisdiction under Section 147 of the Income Tax Act. The Tribunal held that the reasons for reopening the assessment lacked tangible material implicating the assessee, leading to the orders being void ab initio. As a result, the Tribunal did not address the merits of the additions/disallowances, rendering the exercise infructuous. The appeals were allowed, and the re-assessment orders were quashed for all the years in question. en-us Wed, 25 May 2022 00:00:00 +0530 Fri, 27 May 2022 08:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423020 The Tribunal quashed the re-assessment orders for multiple assessment years, finding the Assessing Officer wrongfully assumed jurisdiction under Section 147 of the Income Tax Act. The Tribunal held that the reasons for reopening the assessment lacked tangible material implicating the assessee, leading to the orders being void ab initio. As a result, the Tribunal did not address the merits of the additions/disallowances, rendering the exercise infructuous. The appeals were allowed, and the re-assessment orders were quashed for all the years in question. Case-Laws Income Tax Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423020