https://www.taxtmi.com/caselaws?id=65538 The Tribunal quashed the reassessment proceedings, deeming them invalid and legally flawed due to insufficient grounds for initiation and lack of supporting material to justify the belief that income had escaped assessment. The cross-objection by the assessee was allowed, while the Revenue's appeal was dismissed. en-us Wed, 07 Jan 2009 00:00:00 +0530 Sat, 18 Aug 2012 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65538 The Tribunal quashed the reassessment proceedings, deeming them invalid and legally flawed due to insufficient grounds for initiation and lack of supporting material to justify the belief that income had escaped assessment. The cross-objection by the assessee was allowed, while the Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 07 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65538