https://www.taxtmi.com/caselaws?id=60151 The Appellate Tribunal ITAT CALCUTTA-B considered the validity of re-assessment proceedings under section 147(a) for the assessment year 1959-60. The Tribunal found that the reasons provided by the Income-tax Officer for reopening the assessment did not meet the requirements of section 147(a) and lacked substantive support. Relying on legal precedents, the Tribunal ruled in favor of the assessee, declaring the reassessment invalid. As a result, the appeal was allowed, and the additions made on merits were not further examined. en-us Thu, 23 Sep 1976 00:00:00 +0530 Tue, 04 Jan 2011 10:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60151 The Appellate Tribunal ITAT CALCUTTA-B considered the validity of re-assessment proceedings under section 147(a) for the assessment year 1959-60. The Tribunal found that the reasons provided by the Income-tax Officer for reopening the assessment did not meet the requirements of section 147(a) and lacked substantive support. Relying on legal precedents, the Tribunal ruled in favor of the assessee, declaring the reassessment invalid. As a result, the appeal was allowed, and the additions made on merits were not further examined. Case-Laws Income Tax Thu, 23 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60151