https://www.taxtmi.com/caselaws?id=68820 The Tribunal allowed the appeal filed by the assessee as it quashed the reassessment proceedings due to the lack of adequate reasons and material for reopening the assessment under section 148. The Tribunal found that the Assessing Officer did not have sufficient information to infer that the interest payment was excessive, leading to the reassessment being quashed. en-us Fri, 16 Jan 2009 00:00:00 +0530 Fri, 01 Apr 2011 18:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68820 The Tribunal allowed the appeal filed by the assessee as it quashed the reassessment proceedings due to the lack of adequate reasons and material for reopening the assessment under section 148. The Tribunal found that the Assessing Officer did not have sufficient information to infer that the interest payment was excessive, leading to the reassessment being quashed. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68820