https://www.taxtmi.com/caselaws?id=257681 The High Court upheld the Tribunal's decision, dismissing the revenue's appeal regarding the reopening of assessment under Section 147 of the Income Tax Act, 1961. The Court agreed with the Tribunal that the reasons for reopening did not sufficiently link the information obtained to the alleged escaped income, indicating a lack of jurisdiction. Emphasizing the need for a clear connection between information and escaped income, the Court found no substantial question of law to warrant interference, leading to the dismissal of the appeal without costs. en-us Tue, 10 Mar 2015 00:00:00 +0530 Thu, 19 Mar 2015 07:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257681 The High Court upheld the Tribunal's decision, dismissing the revenue's appeal regarding the reopening of assessment under Section 147 of the Income Tax Act, 1961. The Court agreed with the Tribunal that the reasons for reopening did not sufficiently link the information obtained to the alleged escaped income, indicating a lack of jurisdiction. Emphasizing the need for a clear connection between information and escaped income, the Court found no substantial question of law to warrant interference, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257681