https://www.taxtmi.com/caselaws?id=432725 The Tribunal found the reassessment under Section 147/148 of the Income Tax Act invalid due to the lack of proper approval for income escapement assessment. Consequently, the reassessment was deemed invalid, and the appeal was allowed on technical grounds. The Tribunal refrained from giving a finding on the merits of the case, dismissing the appeal on merit as infructuous. The appeal was partly allowed, and the assessment under Section 147 r.w.s. 143(3) of the Act was quashed. en-us Wed, 21 Dec 2022 00:00:00 +0530 Thu, 12 Jan 2023 07:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432725 The Tribunal found the reassessment under Section 147/148 of the Income Tax Act invalid due to the lack of proper approval for income escapement assessment. Consequently, the reassessment was deemed invalid, and the appeal was allowed on technical grounds. The Tribunal refrained from giving a finding on the merits of the case, dismissing the appeal on merit as infructuous. The appeal was partly allowed, and the assessment under Section 147 r.w.s. 143(3) of the Act was quashed. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432725