https://www.taxtmi.com/caselaws?id=348466 The tribunal allowed the appeal of the assessee, setting aside the impugned order and concluding that the reassessment proceedings were invalid due to the Assessing Officer's failure to independently form a 'reason to believe' and procedural violations. The tribunal did not address the merits of the transfer pricing adjustment as the initiation of reassessment proceedings was deemed invalid. The Commissioner of Income Tax (Appeals) was found to have erred in dismissing the appeal as infructuous without first deciding on the validity of the reopening. en-us Fri, 15 Sep 2017 00:00:00 +0530 Fri, 22 Sep 2017 06:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348466 The tribunal allowed the appeal of the assessee, setting aside the impugned order and concluding that the reassessment proceedings were invalid due to the Assessing Officer's failure to independently form a 'reason to believe' and procedural violations. The tribunal did not address the merits of the transfer pricing adjustment as the initiation of reassessment proceedings was deemed invalid. The Commissioner of Income Tax (Appeals) was found to have erred in dismissing the appeal as infructuous without first deciding on the validity of the reopening. Case-Laws Income Tax Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348466