https://www.taxtmi.com/caselaws?id=209899 The Tribunal found the reassessment proceedings invalid as the Assessing Officer lacked sufficient basis to believe income had escaped assessment, leading to the cancellation of the assessment under section 143(3) read with section 147. The appeal of the assessee was allowed, and other grounds challenging the addition on merits were not adjudicated. en-us Tue, 14 Jun 2011 00:00:00 +0530 Tue, 09 Jul 2013 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209899 The Tribunal found the reassessment proceedings invalid as the Assessing Officer lacked sufficient basis to believe income had escaped assessment, leading to the cancellation of the assessment under section 143(3) read with section 147. The appeal of the assessee was allowed, and other grounds challenging the addition on merits were not adjudicated. Case-Laws Income Tax Tue, 14 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209899