https://www.taxtmi.com/caselaws?id=68079 The Tribunal annulled the reassessment order, finding that the initiation of proceedings under section 147 lacked a valid basis due to the absence of proper reasons and definite information on income escapement. The Tribunal emphasized the necessity for the assessing officer to have valid reasons before issuing notices under section 147(a)/148. Additionally, it concluded that the grounds for reopening the assessment were not relevant to the assessment year in question, leading to the decision to annul the reassessment order. The Departmental Representative's argument regarding the notice service date was rejected, and the appeal by the assessee was allowed. en-us Thu, 28 Dec 1989 00:00:00 +0530 Wed, 16 Mar 2011 17:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68079 The Tribunal annulled the reassessment order, finding that the initiation of proceedings under section 147 lacked a valid basis due to the absence of proper reasons and definite information on income escapement. The Tribunal emphasized the necessity for the assessing officer to have valid reasons before issuing notices under section 147(a)/148. Additionally, it concluded that the grounds for reopening the assessment were not relevant to the assessment year in question, leading to the decision to annul the reassessment order. The Departmental Representative's argument regarding the notice service date was rejected, and the appeal by the assessee was allowed. Case-Laws Income Tax Thu, 28 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68079