https://www.taxtmi.com/caselaws?id=62350 The Tribunal upheld the Commissioner (Appeals)'s decision, dismissing the department's appeal and affirming that the reassessment was not legally sustainable. The reassessment based on audit objections lacked justification as the ITO did not have a bona fide belief that income had escaped assessment. Despite attempts to include additional additions in the reassessment, the lack of independent verification of audit objections led to the conclusion that the reassessment could not be upheld. en-us Fri, 28 Dec 1984 00:00:00 +0530 Wed, 19 Jan 2011 14:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62350 The Tribunal upheld the Commissioner (Appeals)'s decision, dismissing the department's appeal and affirming that the reassessment was not legally sustainable. The reassessment based on audit objections lacked justification as the ITO did not have a bona fide belief that income had escaped assessment. Despite attempts to include additional additions in the reassessment, the lack of independent verification of audit objections led to the conclusion that the reassessment could not be upheld. Case-Laws Income Tax Fri, 28 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62350