TMI BlogValidity of assessment order passed u/s 153C/143(3) against Settlement Commission order - The Tribunal...Validity of assessment order passed u/s 153C/143(3) against Settlement Commission order - The Tribunal found the reassessment to infringe upon the principles laid out by the ITSC, which had already settled the income at 8% of the receipts from the water pipeline project. The reassessment was deemed impermissible in law, rendering the impugned order dated 30.12.2019 passed u/s 153C/153A/143(3) as invalid. Consequently, all additions made therein were deleted. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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