https://www.taxtmi.com/caselaws?id=63305 The Tribunal annulled the reassessment proceedings, finding that the Assessing Officer lacked valid jurisdiction under sections 147/148 of the Income-tax Act due to vague and non-specific reasons for income escapement. The Tribunal emphasized the necessity of a bona fide belief supported by relevant information. As a result, the reassessment was deemed invalid, and the appeals by the assessee were allowed. en-us Fri, 12 Jan 2007 00:00:00 +0530 Sat, 16 Apr 2016 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63305 The Tribunal annulled the reassessment proceedings, finding that the Assessing Officer lacked valid jurisdiction under sections 147/148 of the Income-tax Act due to vague and non-specific reasons for income escapement. The Tribunal emphasized the necessity of a bona fide belief supported by relevant information. As a result, the reassessment was deemed invalid, and the appeals by the assessee were allowed. Case-Laws Income Tax Fri, 12 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63305