2023 (10) TMI 977

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..... emerges is that the assessee assailed the final assessment order for AYs 2012-13, 2013-14, 2016-17 2017- 18 before this Tribunal wherein the appeals have been allowed by the Tribunal on legal grounds as well as on merits vide [ 2023 (5) TMI 1207 - ITAT CHENNAI] Reassessment proceedings as well as consequential assessment framed therein are unsustainable in law and accordingly, liable to be .....

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..... 7-01-2023 pursuant to the directions of Ld. Dispute Resolution Panel-2, Bengaluru u/s 144C(5) dated 14-11-2022. The appeal is accompanied by stay application wherein the assessee is seeking stay of recovery of outstanding demand by the revenue. 2. During hearing, it transpires that the assessee has assailed the reassessment proceedings, inter-alia, on the legal ground that there was no escapeme .....

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..... fore us. The Ld. AR pleaded that the issue is squarely covered in assessee s favor. 4. Upon perusal of case records and after considering the cited decision of Tribunal, the bench concurs with the submission of Ld. AR that the issue on legal grounds as well as on merits is covered in assessee s favor and there is no change in material facts. The bench, in paras 11 to 16 of the order, has held t .....

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