https://www.taxtmi.com/caselaws?id=328343 The Tribunal held that the Assessing Officer (AO) failed to independently form a belief that income had escaped assessment, as required by Section 147 of the Income-tax Act, 1961. The AO merely acted on directions from the Commissioner of Income Tax (Appeals) without conducting an independent assessment. Consequently, the reassessment proceedings were deemed invalid, and the appeals of the assessee were allowed. The Tribunal quashed the reassessment proceedings and did not address the merits of the addition. en-us Wed, 27 Apr 2016 00:00:00 +0530 Wed, 01 Jun 2016 21:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328343 The Tribunal held that the Assessing Officer (AO) failed to independently form a belief that income had escaped assessment, as required by Section 147 of the Income-tax Act, 1961. The AO merely acted on directions from the Commissioner of Income Tax (Appeals) without conducting an independent assessment. Consequently, the reassessment proceedings were deemed invalid, and the appeals of the assessee were allowed. The Tribunal quashed the reassessment proceedings and did not address the merits of the addition. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328343