https://www.taxtmi.com/caselaws?id=345249 The Tribunal allowed the Revenue's appeal, overturning the CIT(Appeals) decision that annulled the assessment made under section 147/144. The Tribunal found the reopening process valid, stating that reasons need not accompany the notice under section 148. It emphasized that as long as one valid reason was communicated, the notice remains valid, even if other grounds are unsustainable. The matter was remitted back to the CIT(Appeals) to address the other challenges raised by the assessee regarding the additions made in the assessment. en-us Wed, 07 Jun 2017 00:00:00 +0530 Wed, 12 Jul 2017 07:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345249 The Tribunal allowed the Revenue's appeal, overturning the CIT(Appeals) decision that annulled the assessment made under section 147/144. The Tribunal found the reopening process valid, stating that reasons need not accompany the notice under section 148. It emphasized that as long as one valid reason was communicated, the notice remains valid, even if other grounds are unsustainable. The matter was remitted back to the CIT(Appeals) to address the other challenges raised by the assessee regarding the additions made in the assessment. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345249