https://www.taxtmi.com/caselaws?id=335413 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated under Section 147 of the Income Tax Act. The Tribunal found the reasons recorded by the Assessing Officer lacked independent application of mind, resembling another case and indicating a mechanical approach. Due to the failure to adequately consider facts, the reassessment proceedings were deemed void ab initio, rendering subsequent assessments invalid. The decision emphasized the necessity for Assessing Officers to diligently apply their minds in such proceedings to ensure the validity of assessments. en-us Tue, 04 Oct 2016 00:00:00 +0530 Thu, 01 Dec 2016 13:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335413 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated under Section 147 of the Income Tax Act. The Tribunal found the reasons recorded by the Assessing Officer lacked independent application of mind, resembling another case and indicating a mechanical approach. Due to the failure to adequately consider facts, the reassessment proceedings were deemed void ab initio, rendering subsequent assessments invalid. The decision emphasized the necessity for Assessing Officers to diligently apply their minds in such proceedings to ensure the validity of assessments. Case-Laws Income Tax Tue, 04 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335413