https://www.taxtmi.com/caselaws?id=216585 The Appellate Tribunal ITAT, Cuttack, allowed all three appeals filed by the assessee, primarily due to the invalidity of the notice issued under section 148 for reopening assessments. The Tribunal emphasized the necessity for the Assessing Officer to have independent satisfaction regarding income escapement and not rely solely on external communications. The Tribunal's decision rendered the subsequent assessments null and void, without delving into the merits of the exemption claims under various sections of the Income Tax Act, 1961. en-us Fri, 29 Jun 2012 00:00:00 +0530 Thu, 30 Aug 2012 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216585 The Appellate Tribunal ITAT, Cuttack, allowed all three appeals filed by the assessee, primarily due to the invalidity of the notice issued under section 148 for reopening assessments. The Tribunal emphasized the necessity for the Assessing Officer to have independent satisfaction regarding income escapement and not rely solely on external communications. The Tribunal's decision rendered the subsequent assessments null and void, without delving into the merits of the exemption claims under various sections of the Income Tax Act, 1961. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216585