https://www.taxtmi.com/caselaws?id=57056 The Tribunal quashed the reassessment proceedings for M/s. Assam Tea Co. and M/s. Ashoka Industries, finding the reassessment invalid due to insufficient evidence. Interest charges under sections 139(8) and 215 were also annulled. In the case of M/s. Bant Ram & Co., the Tribunal dismissed the Revenue's appeal, upheld the time-barred notice under section 148, and allowed the assessee's cross-objection, rendering the alternative prayer for deletion of addition on merits moot. en-us Tue, 27 Jan 2004 00:00:00 +0530 Wed, 26 Jun 2024 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57056 The Tribunal quashed the reassessment proceedings for M/s. Assam Tea Co. and M/s. Ashoka Industries, finding the reassessment invalid due to insufficient evidence. Interest charges under sections 139(8) and 215 were also annulled. In the case of M/s. Bant Ram & Co., the Tribunal dismissed the Revenue's appeal, upheld the time-barred notice under section 148, and allowed the assessee's cross-objection, rendering the alternative prayer for deletion of addition on merits moot. Case-Laws Income Tax Tue, 27 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57056