https://www.taxtmi.com/caselaws?id=311128 ITAT Delhi held that reassessment proceedings under section 147 were void ab-initio where the AO reopened assessment regarding unexplained cash credit under section 68, but the same income was already subject matter of appeal before the Tribunal. The court relied on the third proviso which mandates that no proceedings can be initiated to tax income that is subject matter of appeal. The First Appellate Authority had previously deleted the addition relying on Delhi HC decision in Kabul Chawala case. Reassessment proceedings were quashed in favor of assessee. en-us Tue, 03 Sep 2019 00:00:00 +0530 Sat, 09 Dec 2023 08:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311128 ITAT Delhi held that reassessment proceedings under section 147 were void ab-initio where the AO reopened assessment regarding unexplained cash credit under section 68, but the same income was already subject matter of appeal before the Tribunal. The court relied on the third proviso which mandates that no proceedings can be initiated to tax income that is subject matter of appeal. The First Appellate Authority had previously deleted the addition relying on Delhi HC decision in Kabul Chawala case. Reassessment proceedings were quashed in favor of assessee. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311128