https://www.taxtmi.com/caselaws?id=179652 The Tribunal partly allowed the appeal, quashing the reopening of the assessment and the reassessment framed thereafter, while rejecting the grounds related to the validity of the return filed with an officer lacking jurisdiction and the carry forward of unabsorbed losses. The Tribunal emphasized that for reopening under section 148, there must be material indicating escapement of income, which was found to be lacking in this case. en-us Fri, 18 Jan 2008 00:00:00 +0530 Mon, 07 Mar 2016 12:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179652 The Tribunal partly allowed the appeal, quashing the reopening of the assessment and the reassessment framed thereafter, while rejecting the grounds related to the validity of the return filed with an officer lacking jurisdiction and the carry forward of unabsorbed losses. The Tribunal emphasized that for reopening under section 148, there must be material indicating escapement of income, which was found to be lacking in this case. Case-Laws Income Tax Fri, 18 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179652