https://www.taxtmi.com/caselaws?id=423502 The tribunal quashed the reassessment proceedings initiated under Section 147, finding the reopening invalid due to procedural irregularities. Consequently, the disallowance of depreciation and deduction, as well as the levy of interest, were not upheld. The appeals of the assessee were allowed, and the order was pronounced on 31.05.2022. en-us Tue, 31 May 2022 00:00:00 +0530 Tue, 07 Jun 2022 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423502 The tribunal quashed the reassessment proceedings initiated under Section 147, finding the reopening invalid due to procedural irregularities. Consequently, the disallowance of depreciation and deduction, as well as the levy of interest, were not upheld. The appeals of the assessee were allowed, and the order was pronounced on 31.05.2022. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423502