https://www.taxtmi.com/caselaws?id=263595 The Tribunal allowed the appeal, canceling the reassessment under Section 147. It emphasized the necessity of a direct link between the reasons for reopening assessment and the final assessment, ruling in favor of the appellant due to the lack of evidence of income escapement. The Tribunal set aside the CIT(A)'s order, highlighting the importance of ensuring that additions in reassessment proceedings are pertinent to the grounds for reopening. en-us Fri, 05 Apr 2013 00:00:00 +0530 Mon, 07 Sep 2015 07:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263595 The Tribunal allowed the appeal, canceling the reassessment under Section 147. It emphasized the necessity of a direct link between the reasons for reopening assessment and the final assessment, ruling in favor of the appellant due to the lack of evidence of income escapement. The Tribunal set aside the CIT(A)'s order, highlighting the importance of ensuring that additions in reassessment proceedings are pertinent to the grounds for reopening. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263595