No proper reasons were recorded by the Assessing Officer. Reassessment was quashed. AY. 1989-90 to 1991-92)
Wimco Seedlings Ltd. v. JCIT(2020) 208 TTJ 507 (Delhi)(Trib.)
S. 147 : Reassessment-After the expiry of four years-No proper reason recorded by the Assessing office-Re assessment is held to be bad in law. [S. 148]