https://www.taxtmi.com/caselaws?id=64132 The Tribunal held that the reopening of the assessment under Section 147(a) was invalid and illegal as there was no rational connection between the statement of one party and the belief of income escapement. Consequently, the reassessment was canceled, and the appeal was allowed, without addressing the merits of the case regarding the genuineness of credits and interest disallowance. en-us Wed, 19 Aug 1981 00:00:00 +0530 Sat, 05 Feb 2011 10:21:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64132 The Tribunal held that the reopening of the assessment under Section 147(a) was invalid and illegal as there was no rational connection between the statement of one party and the belief of income escapement. Consequently, the reassessment was canceled, and the appeal was allowed, without addressing the merits of the case regarding the genuineness of credits and interest disallowance. Case-Laws Income Tax Wed, 19 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64132