Assessing Officer Can Drop Reassessment u/s 147 Even Without Assessee's Challenge, Highlights Procedural Autonomy.

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....Dropping of re-assessment proceedings u/s 147 - the proceedings for reassessment u/s 147 of the Act is for the benefit of the Revenue, hence, dropping of re-assessment proceedings by the AO even in the absence of the assessee challenges the notice u/s 147/148, is justified....