https://www.taxtmi.com/caselaws?id=188904 The Tribunal found that the Assessing Officer lacked a valid reason to believe that income had escaped assessment in the case challenging jurisdiction under section 147 of the Income Tax Act. The Tribunal held that the initiation of re-assessment proceedings and the additions made by the Assessing Officer were invalid, as they were based on doubts and surmises without concrete evidence, contrary to legal provisions. Consequently, the Tribunal allowed all three appeals by the assessee, canceling the re-assessment orders. en-us Mon, 06 Sep 2004 00:00:00 +0530 Tue, 20 Dec 2016 14:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188904 The Tribunal found that the Assessing Officer lacked a valid reason to believe that income had escaped assessment in the case challenging jurisdiction under section 147 of the Income Tax Act. The Tribunal held that the initiation of re-assessment proceedings and the additions made by the Assessing Officer were invalid, as they were based on doubts and surmises without concrete evidence, contrary to legal provisions. Consequently, the Tribunal allowed all three appeals by the assessee, canceling the re-assessment orders. Case-Laws Income Tax Mon, 06 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188904