https://www.taxtmi.com/caselaws?id=429648 The ITAT partly allowed the appeals, upholding the validity of reassessment based on CIT(A) directions but quashing the assessment order in the disrupted HUF's status. The reassessment was deemed valid under Section 150 of the I.T.Act, allowing extended time limits for assessments based on higher authorities' directions. However, assessing a disrupted HUF was found impermissible as per Section 171 of the I.T.Act and relevant precedents. The judgment emphasizes adherence to statutory provisions and judicial precedents for a fair resolution. en-us Mon, 31 Oct 2022 00:00:00 +0530 Tue, 01 Nov 2022 22:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429648 The ITAT partly allowed the appeals, upholding the validity of reassessment based on CIT(A) directions but quashing the assessment order in the disrupted HUF's status. The reassessment was deemed valid under Section 150 of the I.T.Act, allowing extended time limits for assessments based on higher authorities' directions. However, assessing a disrupted HUF was found impermissible as per Section 171 of the I.T.Act and relevant precedents. The judgment emphasizes adherence to statutory provisions and judicial precedents for a fair resolution. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429648