https://www.taxtmi.com/caselaws?id=30638 The High Court held that reassessment proceedings under Section 147 of the Income Tax Act could not be initiated while the return was pending, citing relevant case law. The Court dismissed the Revenue's appeal, finding no error in the Tribunal's decision. The Court did not extensively address the specific issue of adding an incentive bonus to total income and deductions under Section 16 due to the overarching conclusion on the validity of the reassessment. Consequently, the tax case was dismissed without costs. en-us Wed, 04 Jul 2007 00:00:00 +0530 Thu, 11 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30638 The High Court held that reassessment proceedings under Section 147 of the Income Tax Act could not be initiated while the return was pending, citing relevant case law. The Court dismissed the Revenue's appeal, finding no error in the Tribunal's decision. The Court did not extensively address the specific issue of adding an incentive bonus to total income and deductions under Section 16 due to the overarching conclusion on the validity of the reassessment. Consequently, the tax case was dismissed without costs. Case-Laws Income Tax Wed, 04 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30638