https://www.taxtmi.com/caselaws?id=266478 The petitioner's claim for the balance reward amount for providing information on tax evasion was dismissed as the assessment under Section 158BC of the Income Tax Act was quashed by the Tribunal. The High Court upheld this decision, affirming that the assessment was not valid, leading to the dismissal of the petitioner's claim for the reward. The Court emphasized the direct link between the assessment and the reward claim, stating that the petitioner was not entitled to the reward due to the quashing of the assessment. The petition was dismissed, and each party was directed to bear their own costs. en-us Wed, 14 Oct 2015 00:00:00 +0530 Wed, 21 Oct 2015 09:45:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266478 The petitioner's claim for the balance reward amount for providing information on tax evasion was dismissed as the assessment under Section 158BC of the Income Tax Act was quashed by the Tribunal. The High Court upheld this decision, affirming that the assessment was not valid, leading to the dismissal of the petitioner's claim for the reward. The Court emphasized the direct link between the assessment and the reward claim, stating that the petitioner was not entitled to the reward due to the quashing of the assessment. The petition was dismissed, and each party was directed to bear their own costs. Case-Laws Income Tax Wed, 14 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266478