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2008 (12) TMI 40 - HC - Income TaxReassessment – sole and entire basis of re-opening the assessment is the additions made in A.Y. 1998-99 and 2001-02, no other reason given by AO - Since the tribunal has already deleted the additions in respect of the A.Y. 1998-99 and 2001-02, the very basis for continuing any further with the re-assessment proceedings does not survive any more - no specific allegation with regard to the A.Y 1999-2000 regarding suppression of sale figures – proceedings u/s 147 and notice u/s 148 are quashed
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