https://www.taxtmi.com/caselaws?id=327425 The Tribunal dismissed the Revenue's appeal, upholding the Ld. Commissioner of Income-tax(Appeals)'s decision that the reassessment proceedings for the assessment years 2004-05 and 2005-06 were invalid. The Tribunal found issues with the notice service, lack of credible information for income escapement, and incorrect reasons recorded by the AO. It emphasized the necessity of adhering to proper procedures and providing valid reasons when initiating reassessment proceedings under section 147 of the Income-tax Act. en-us Wed, 30 Mar 2016 00:00:00 +0530 Wed, 11 May 2016 10:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327425 The Tribunal dismissed the Revenue's appeal, upholding the Ld. Commissioner of Income-tax(Appeals)'s decision that the reassessment proceedings for the assessment years 2004-05 and 2005-06 were invalid. The Tribunal found issues with the notice service, lack of credible information for income escapement, and incorrect reasons recorded by the AO. It emphasized the necessity of adhering to proper procedures and providing valid reasons when initiating reassessment proceedings under section 147 of the Income-tax Act. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327425