https://www.taxtmi.com/caselaws?id=255163 The Tribunal allowed both appeals of the assessee, holding that the reassessments for the years in question were invalid due to the lack of proper grounds and justification for reopening the assessments. The Assessing Officer did not properly apply his mind before initiating the reassessment proceedings, and there was no relevant material to support the formation of a "reason to believe" for reopening the assessments. The basis for reopening the assessments was deemed similar to a previous case involving the husband of the assessee, where the reopening was also found unjustified. en-us Tue, 23 Sep 2014 00:00:00 +0530 Fri, 09 Jan 2015 10:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255163 The Tribunal allowed both appeals of the assessee, holding that the reassessments for the years in question were invalid due to the lack of proper grounds and justification for reopening the assessments. The Assessing Officer did not properly apply his mind before initiating the reassessment proceedings, and there was no relevant material to support the formation of a "reason to believe" for reopening the assessments. The basis for reopening the assessments was deemed similar to a previous case involving the husband of the assessee, where the reopening was also found unjustified. Case-Laws Income Tax Tue, 23 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255163