https://www.taxtmi.com/caselaws?id=440770 The Tribunal held that the initiation of re-assessment proceedings under Section 148 of the Income Tax Act was invalid as the basis for reopening the assessment was incorrect. The Tribunal found that the appellant had indeed filed the return, rendering the proceedings unsustainable. Consequently, the proceedings and the order making additions under Section 143(3) read with Section 147 of the Act were quashed, and the appeal of the assessee was allowed. en-us Wed, 12 Jul 2023 00:00:00 +0530 Wed, 26 Jul 2023 07:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440770 The Tribunal held that the initiation of re-assessment proceedings under Section 148 of the Income Tax Act was invalid as the basis for reopening the assessment was incorrect. The Tribunal found that the appellant had indeed filed the return, rendering the proceedings unsustainable. Consequently, the proceedings and the order making additions under Section 143(3) read with Section 147 of the Act were quashed, and the appeal of the assessee was allowed. Case-Laws Income Tax Wed, 12 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440770