Tribunal Confirms Validity of Reassessment Order; Citing Incorrect Provision Doesn't Invalidate Authority u/s 39(1.

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....Validity of reassessment order - Even though, Tribunal may have referred to amended provisions of the Act, however, it is trite law that mere mention of a wrong provision would not invalidate an order so long as power exists with the authority. In the instant case, the re-assessment have rightly been initiated as the power to do so exists even under the un-amended Section 39(1) of the Act - HC....