https://www.taxtmi.com/caselaws?id=430605 The Tribunal allowed the appeal, quashing the reassessment order under sections 147/143(3) for Assessment Year 2011-12. The decision was based on jurisdictional issues, lack of compliance with statutory conditions, and inadequate application of mind by the AO in initiating the reassessment proceedings. The Tribunal emphasized the importance of proper verification and adherence to legal requirements in such proceedings, ultimately ruling the reassessment order unsustainable and ordering it to be quashed. en-us Wed, 21 Sep 2022 00:00:00 +0530 Wed, 23 Nov 2022 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430605 The Tribunal allowed the appeal, quashing the reassessment order under sections 147/143(3) for Assessment Year 2011-12. The decision was based on jurisdictional issues, lack of compliance with statutory conditions, and inadequate application of mind by the AO in initiating the reassessment proceedings. The Tribunal emphasized the importance of proper verification and adherence to legal requirements in such proceedings, ultimately ruling the reassessment order unsustainable and ordering it to be quashed. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430605