https://www.taxtmi.com/caselaws?id=330976 The tribunal allowed the appeal filed by the Revenue, upholding the validity of the reassessment proceedings under Section 147 of the Income Tax Act. The reassessment order was deemed valid as the Assessing Officer had sufficient reasons to believe that income had escaped assessment. The case was remanded to the CIT(A) for a decision on the merits of the reassessment, with the assessee given the opportunity to present their case. The order was pronounced on June 27, 2016, at Chennai. en-us Mon, 27 Jun 2016 00:00:00 +0530 Wed, 10 Aug 2016 09:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330976 The tribunal allowed the appeal filed by the Revenue, upholding the validity of the reassessment proceedings under Section 147 of the Income Tax Act. The reassessment order was deemed valid as the Assessing Officer had sufficient reasons to believe that income had escaped assessment. The case was remanded to the CIT(A) for a decision on the merits of the reassessment, with the assessee given the opportunity to present their case. The order was pronounced on June 27, 2016, at Chennai. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330976