https://www.taxtmi.com/caselaws?id=67626 The Tribunal upheld the CIT(A)'s decision to annul the assessment orders for the years 1996-97, 1997-98, and 1998-99, as the Assessing Officer lacked valid reasons to believe income had escaped assessment. The Tribunal found the initiation of proceedings under section 147 and notices under section 148 were invalid due to insufficient evidence. The Department's appeals were dismissed, affirming the annulment of the assessment orders. en-us Tue, 28 Dec 2004 00:00:00 +0530 Sat, 12 Mar 2011 10:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67626 The Tribunal upheld the CIT(A)'s decision to annul the assessment orders for the years 1996-97, 1997-98, and 1998-99, as the Assessing Officer lacked valid reasons to believe income had escaped assessment. The Tribunal found the initiation of proceedings under section 147 and notices under section 148 were invalid due to insufficient evidence. The Department's appeals were dismissed, affirming the annulment of the assessment orders. Case-Laws Income Tax Tue, 28 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67626