https://www.taxtmi.com/caselaws?id=423088 The Tribunal dismissed the appeal by the revenue and the cross objections by the assessee, affirming the CIT(A)'s order to quash the reassessment proceedings due to lack of concrete evidence and failure to meet jurisdictional conditions for reopening assessments beyond four years. The legal precedents and provisions under section 147 of the Act were crucial in determining the validity of the reassessment in this case. en-us Thu, 26 May 2022 00:00:00 +0530 Sat, 28 May 2022 09:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423088 The Tribunal dismissed the appeal by the revenue and the cross objections by the assessee, affirming the CIT(A)'s order to quash the reassessment proceedings due to lack of concrete evidence and failure to meet jurisdictional conditions for reopening assessments beyond four years. The legal precedents and provisions under section 147 of the Act were crucial in determining the validity of the reassessment in this case. Case-Laws Income Tax Thu, 26 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423088