https://www.taxtmi.com/caselaws?id=188891 The Court dismissed the Revenue's appeal and allowed the Cross Objection of the assessee in a case concerning the reopening of assessment under section 148 of the Income Tax Act. The Court found that the Assessing Officer did not independently apply his mind to the material received, rendering the reopening invalid in law. The judgment emphasized the necessity for a valid reason to believe that income had escaped assessment before reopening assessments under section 148. en-us Fri, 05 Feb 2016 00:00:00 +0530 Tue, 20 Dec 2016 09:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188891 The Court dismissed the Revenue's appeal and allowed the Cross Objection of the assessee in a case concerning the reopening of assessment under section 148 of the Income Tax Act. The Court found that the Assessing Officer did not independently apply his mind to the material received, rendering the reopening invalid in law. The judgment emphasized the necessity for a valid reason to believe that income had escaped assessment before reopening assessments under section 148. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188891