https://www.taxtmi.com/caselaws?id=328538 The Tribunal quashed the reassessment order, ruling that the mere need for verification does not justify reopening the assessment. It found that the reassessment was based on discrepancies in TDS benefits and did not indicate any income escapement. Additionally, the Tribunal held that the TDS claim restriction was unjustified as it was not based on a genuine belief of income escapement, allowing both appeals of the assessee and pronouncing the order in favor of the assessee. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 07 Jun 2016 11:21:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328538 The Tribunal quashed the reassessment order, ruling that the mere need for verification does not justify reopening the assessment. It found that the reassessment was based on discrepancies in TDS benefits and did not indicate any income escapement. Additionally, the Tribunal held that the TDS claim restriction was unjustified as it was not based on a genuine belief of income escapement, allowing both appeals of the assessee and pronouncing the order in favor of the assessee. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328538