https://www.taxtmi.com/caselaws?id=427394 The Tribunal allowed the appeals, quashing the second round of re-assessment proceedings and the consequential orders. It emphasized that the Revenue cannot repeatedly initiate re-assessment proceedings on the same issue, highlighting the importance of finality in assessment proceedings. The Tribunal did not address other grounds raised on merits, as the decision on the invalidity of the initiation of re-assessment proceedings was sufficient to dispose of the appeals. en-us Wed, 10 Aug 2022 00:00:00 +0530 Thu, 08 Sep 2022 07:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427394 The Tribunal allowed the appeals, quashing the second round of re-assessment proceedings and the consequential orders. It emphasized that the Revenue cannot repeatedly initiate re-assessment proceedings on the same issue, highlighting the importance of finality in assessment proceedings. The Tribunal did not address other grounds raised on merits, as the decision on the invalidity of the initiation of re-assessment proceedings was sufficient to dispose of the appeals. Case-Laws Income Tax Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427394