https://www.taxtmi.com/caselaws?id=427929 The Tribunal ruled in favor of the appellant, finding the reassessment unwarranted due to lack of new material justifying it and errors in the Assessing Officer's approach. The Tribunal emphasized that double assessment on the same issue within the same assessment year was improper, and the notice issued under section 147/148 of the Income Tax Act was deemed invalid. The appellant's contentions regarding past history considerations and legal validity of reasons for reassessment were upheld, leading to the allowance of the appeal and rejection of the reassessment. en-us Thu, 15 Sep 2022 00:00:00 +0530 Tue, 20 Sep 2022 08:19:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427929 The Tribunal ruled in favor of the appellant, finding the reassessment unwarranted due to lack of new material justifying it and errors in the Assessing Officer's approach. The Tribunal emphasized that double assessment on the same issue within the same assessment year was improper, and the notice issued under section 147/148 of the Income Tax Act was deemed invalid. The appellant's contentions regarding past history considerations and legal validity of reasons for reassessment were upheld, leading to the allowance of the appeal and rejection of the reassessment. Case-Laws Income Tax Thu, 15 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427929