https://www.taxtmi.com/caselaws?id=341420 The Tribunal quashed the assessment order as void ab initio and allowed the appeal filed by the assessee, holding that the Assessing Officer had not applied his mind and had reopened the case based on borrowed satisfaction. The Tribunal emphasized the necessity for the AO to independently verify information before forming a belief that income had escaped assessment, citing legal precedents. The order was pronounced on September 15, 2016. en-us Thu, 15 Sep 2016 00:00:00 +0530 Tue, 02 Jun 2026 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341420 The Tribunal quashed the assessment order as void ab initio and allowed the appeal filed by the assessee, holding that the Assessing Officer had not applied his mind and had reopened the case based on borrowed satisfaction. The Tribunal emphasized the necessity for the AO to independently verify information before forming a belief that income had escaped assessment, citing legal precedents. The order was pronounced on September 15, 2016. Case-Laws Income Tax Thu, 15 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341420