https://www.taxtmi.com/caselaws?id=429388 The Tribunal annulled the reassessment proceedings initiated under section 147, ruling them non-compliant with the first proviso to section 147 and section 149(1)(b) of the Income Tax Act, 1961, due to insufficient grounds in the notice issued under section 148. As a result, all other issues in the appeals, including additions and disallowances under various sections, were deemed academic and not addressed on their merits. The assessee's appeal was allowed, and the Revenue's appeal was dismissed. en-us Fri, 21 Oct 2022 00:00:00 +0530 Mon, 05 Feb 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429388 The Tribunal annulled the reassessment proceedings initiated under section 147, ruling them non-compliant with the first proviso to section 147 and section 149(1)(b) of the Income Tax Act, 1961, due to insufficient grounds in the notice issued under section 148. As a result, all other issues in the appeals, including additions and disallowances under various sections, were deemed academic and not addressed on their merits. The assessee's appeal was allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429388