https://www.taxtmi.com/caselaws?id=191610 The Tribunal quashed the reassessment order under sections 147/148 of the Income Tax Act, 1961, due to the Assessing Officer's failure to apply independent judgment in forming a belief of income escapement. The reasons for reopening were found to be based solely on information from the Vigilance Department, lacking proper application of mind. Consequently, the appeal was allowed, and the reassessment order dated 29-12-2006 was annulled. en-us Mon, 06 Jun 2011 00:00:00 +0530 Sat, 08 Apr 2017 12:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191610 The Tribunal quashed the reassessment order under sections 147/148 of the Income Tax Act, 1961, due to the Assessing Officer's failure to apply independent judgment in forming a belief of income escapement. The reasons for reopening were found to be based solely on information from the Vigilance Department, lacking proper application of mind. Consequently, the appeal was allowed, and the reassessment order dated 29-12-2006 was annulled. Case-Laws Income Tax Mon, 06 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191610