https://www.taxtmi.com/caselaws?id=437984 The Tribunal allowed the appeal for Assessment Year 2012-13, contesting the reassessment proceedings and quantum additions on merits. The Tribunal condoned the delay in the appeal due to Covid-19 lockdown and the appellant being a senior citizen. It held that the reassessment was unjustified as it was initiated solely based on a revenue audit objection without new tangible material, rendering the assessment bad-in-law. Consequently, the reassessment was deemed null and void. en-us Wed, 17 May 2023 00:00:00 +0530 Fri, 19 May 2023 09:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437984 The Tribunal allowed the appeal for Assessment Year 2012-13, contesting the reassessment proceedings and quantum additions on merits. The Tribunal condoned the delay in the appeal due to Covid-19 lockdown and the appellant being a senior citizen. It held that the reassessment was unjustified as it was initiated solely based on a revenue audit objection without new tangible material, rendering the assessment bad-in-law. Consequently, the reassessment was deemed null and void. Case-Laws Income Tax Wed, 17 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437984