https://www.taxtmi.com/caselaws?id=191041 The Tribunal allowed the assessee's appeal, quashing the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, due to insufficient and vague reasons lacking credible material to justify the income reassessment. The Tribunal found the proceedings "bad in law" and "without jurisdiction," citing legal precedents. Other issues raised by the assessee were not addressed on merits as the primary ground of invalid reassessment sufficed to allow the appeal. The decision was rendered on 15-09-2016. en-us Thu, 15 Sep 2016 00:00:00 +0530 Sat, 18 Mar 2017 11:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191041 The Tribunal allowed the assessee's appeal, quashing the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, due to insufficient and vague reasons lacking credible material to justify the income reassessment. The Tribunal found the proceedings "bad in law" and "without jurisdiction," citing legal precedents. Other issues raised by the assessee were not addressed on merits as the primary ground of invalid reassessment sufficed to allow the appeal. The decision was rendered on 15-09-2016. Case-Laws Income Tax Thu, 15 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191041