https://www.taxtmi.com/caselaws?id=60144 The Tribunal reversed the CIT(A)'s decision and upheld the validity of the re-assessment proceedings initiated under section 147 of the Income Tax Act. The Tribunal found that the Assessing Officer had valid reasons to believe that income had escaped assessment due to excessive deduction claimed under section 80HHC. The Tribunal deemed the notice issued under section 148 as legal and directed the matter to be reconsidered by the CIT(A) for further assessment. The Revenue's appeal was allowed in this case. en-us Fri, 28 Jan 2005 00:00:00 +0530 Mon, 03 Jan 2011 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60144 The Tribunal reversed the CIT(A)'s decision and upheld the validity of the re-assessment proceedings initiated under section 147 of the Income Tax Act. The Tribunal found that the Assessing Officer had valid reasons to believe that income had escaped assessment due to excessive deduction claimed under section 80HHC. The Tribunal deemed the notice issued under section 148 as legal and directed the matter to be reconsidered by the CIT(A) for further assessment. The Revenue's appeal was allowed in this case. Case-Laws Income Tax Fri, 28 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60144