https://www.taxtmi.com/caselaws?id=267835 The Tribunal upheld the decision to quash the notice under section 148 and the subsequent assessment order due to lack of proper approval from the Commissioner or Chief Commissioner as mandated by law. It was concluded that the notice issued with the Additional Commissioner's approval was invalid, as it did not meet the statutory requirements. Additionally, the Tribunal found that the Assessing Officer must have an independent reason to believe that income had escaped assessment, which was lacking in this case where the reopening was solely based on information without verification. The Revenue's appeals were dismissed, and the order was pronounced on 27/10/2015. en-us Tue, 27 Oct 2015 00:00:00 +0530 Mon, 16 Nov 2015 01:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267835 The Tribunal upheld the decision to quash the notice under section 148 and the subsequent assessment order due to lack of proper approval from the Commissioner or Chief Commissioner as mandated by law. It was concluded that the notice issued with the Additional Commissioner's approval was invalid, as it did not meet the statutory requirements. Additionally, the Tribunal found that the Assessing Officer must have an independent reason to believe that income had escaped assessment, which was lacking in this case where the reopening was solely based on information without verification. The Revenue's appeals were dismissed, and the order was pronounced on 27/10/2015. Case-Laws Income Tax Tue, 27 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267835