https://www.taxtmi.com/caselaws?id=126732 ITAT held that reassessment proceedings under section 147/148 were quashed because the AO had no tangible or fresh material to form a prima facie belief that income chargeable to tax had escaped assessment where the return had earlier been merely processed under section 143(1). The tribunal found the action could be challenged despite the original 143(1) processing, noting the Department failed to produce any material establishing a nexus with the recorded reasons, and therefore the reassessment initiation was invalid. en-us Wed, 12 May 2010 00:00:00 +0530 Tue, 18 Nov 2025 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126732 ITAT held that reassessment proceedings under section 147/148 were quashed because the AO had no tangible or fresh material to form a prima facie belief that income chargeable to tax had escaped assessment where the return had earlier been merely processed under section 143(1). The tribunal found the action could be challenged despite the original 143(1) processing, noting the Department failed to produce any material establishing a nexus with the recorded reasons, and therefore the reassessment initiation was invalid. Case-Laws Income Tax Wed, 12 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126732