https://www.taxtmi.com/caselaws?id=341850 The Tribunal quashed the reassessment proceedings, finding them bad in law due to the Assessing Officer's failure to independently verify information and apply his mind. The reassessment was based on vague and non-specific information, leading to an arbitrary and illegal appellate order. The additional grounds of appeal were admitted, emphasizing they were purely legal and did not require fresh investigation of facts. The reassessment was invalidated due to lack of independent satisfaction by the AO, resulting in the appeal being allowed and the reassessment proceedings being quashed. en-us Mon, 17 Apr 2017 00:00:00 +0530 Wed, 19 Apr 2017 07:04:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341850 The Tribunal quashed the reassessment proceedings, finding them bad in law due to the Assessing Officer's failure to independently verify information and apply his mind. The reassessment was based on vague and non-specific information, leading to an arbitrary and illegal appellate order. The additional grounds of appeal were admitted, emphasizing they were purely legal and did not require fresh investigation of facts. The reassessment was invalidated due to lack of independent satisfaction by the AO, resulting in the appeal being allowed and the reassessment proceedings being quashed. Case-Laws Income Tax Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341850