https://www.taxtmi.com/caselaws?id=68559 The Tribunal found the reasons for reassessment recorded by the Assessing Officer insufficient to establish a valid belief of income escapement, leading to the quashing of the reassessment proceedings and order under sections 147 and 148. The appeal was allowed in favor of the assessee based on the invalidity of the reassessment actions, with remaining grounds regarding factual assessment merits left unaddressed. en-us Fri, 11 Oct 2002 00:00:00 +0530 Thu, 31 Mar 2011 10:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68559 The Tribunal found the reasons for reassessment recorded by the Assessing Officer insufficient to establish a valid belief of income escapement, leading to the quashing of the reassessment proceedings and order under sections 147 and 148. The appeal was allowed in favor of the assessee based on the invalidity of the reassessment actions, with remaining grounds regarding factual assessment merits left unaddressed. Case-Laws Income Tax Fri, 11 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68559