https://www.taxtmi.com/caselaws?id=55886 The Tribunal found the reassessment under section 147(a) of the IT Act to be illegal due to erroneous factual grounds, rendering it void ab initio. The Tribunal also ruled in favor of the assessee on the legality of reassessment, emphasizing the lack of jurisdiction and incorrect factual grounds. As a result, the Commissioner (A)'s orders and the assessment completed under section 147(a) were set aside. The appeal was allowed, and another appeal was allowed for statistical purposes only, without delving into the aspects affecting the quantum of assessment or the levy of interest under section 217. en-us Wed, 23 Jan 1985 00:00:00 +0530 Tue, 30 Nov 2010 15:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55886 The Tribunal found the reassessment under section 147(a) of the IT Act to be illegal due to erroneous factual grounds, rendering it void ab initio. The Tribunal also ruled in favor of the assessee on the legality of reassessment, emphasizing the lack of jurisdiction and incorrect factual grounds. As a result, the Commissioner (A)'s orders and the assessment completed under section 147(a) were set aside. The appeal was allowed, and another appeal was allowed for statistical purposes only, without delving into the aspects affecting the quantum of assessment or the levy of interest under section 217. Case-Laws Income Tax Wed, 23 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55886