https://www.taxtmi.com/caselaws?id=443535 The Tribunal allowed both appeals filed by the assessee, quashing the assessments framed by the AO under Section 143(3) r.w.s. 147 of the Income Tax Act for both assessment years. The Tribunal ruled in favor of the assessee on the legality of reopening assessment under Section 148, jurisdiction of the AO to make additions not related to the reasons recorded for reopening, and applicability of the first proviso to Section 147 for reopening assessments after four years. en-us Fri, 22 Sep 2023 00:00:00 +0530 Tue, 26 Sep 2023 08:18:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443535 The Tribunal allowed both appeals filed by the assessee, quashing the assessments framed by the AO under Section 143(3) r.w.s. 147 of the Income Tax Act for both assessment years. The Tribunal ruled in favor of the assessee on the legality of reopening assessment under Section 148, jurisdiction of the AO to make additions not related to the reasons recorded for reopening, and applicability of the first proviso to Section 147 for reopening assessments after four years. Case-Laws Income Tax Fri, 22 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443535