https://www.taxtmi.com/caselaws?id=179243 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s decision to quash the reassessment proceedings. It concluded that the AO acted on borrowed satisfaction without independent verification and that the notice under Section 148 was not properly served. The Tribunal emphasized the need for the AO to independently form a belief based on verified information and to ensure proper service of notice to uphold the validity of reassessment proceedings. en-us Fri, 19 Aug 2011 00:00:00 +0530 Mon, 09 Oct 2017 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179243 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s decision to quash the reassessment proceedings. It concluded that the AO acted on borrowed satisfaction without independent verification and that the notice under Section 148 was not properly served. The Tribunal emphasized the need for the AO to independently form a belief based on verified information and to ensure proper service of notice to uphold the validity of reassessment proceedings. Case-Laws Income Tax Fri, 19 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179243