https://www.taxtmi.com/caselaws?id=330067 The Tribunal found that the re-assessment proceedings were initiated based on an invalid enquiry letter and mere suspicion, which is not sustainable in law. The reasons for initiating the assessment proceedings under section 147 and all subsequent proceedings were cancelled. As a result, the appeal was partly allowed, and the remaining grounds did not survive for adjudication. en-us Fri, 27 May 2016 00:00:00 +0530 Sat, 16 Jul 2016 12:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330067 The Tribunal found that the re-assessment proceedings were initiated based on an invalid enquiry letter and mere suspicion, which is not sustainable in law. The reasons for initiating the assessment proceedings under section 147 and all subsequent proceedings were cancelled. As a result, the appeal was partly allowed, and the remaining grounds did not survive for adjudication. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330067