https://www.taxtmi.com/caselaws?id=269253 The Tribunal held the reassessment to be invalid as it was based on suspicions rather than evidence of income escapement, leading to the allowance of the assessee's appeal. The Tribunal emphasized the importance of logical reasoning behind reopening assessments, especially in cases where no return of income had been filed. The reassessment was deemed unjustified, and the grounds related to the merits of the addition were not adjudicated. en-us Fri, 09 Oct 2015 00:00:00 +0530 Fri, 11 Dec 2015 08:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269253 The Tribunal held the reassessment to be invalid as it was based on suspicions rather than evidence of income escapement, leading to the allowance of the assessee's appeal. The Tribunal emphasized the importance of logical reasoning behind reopening assessments, especially in cases where no return of income had been filed. The reassessment was deemed unjustified, and the grounds related to the merits of the addition were not adjudicated. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269253