https://www.taxtmi.com/caselaws?id=350977 The Tribunal deemed the initiation of proceedings under Section 147/148 invalid due to lack of valid reasons for income escapement, quashing the reassessment. As objections against the reopening were not substantiated, the additions made under Sections 69A and 69C were not considered. The reassessment was overturned, and the appeal of the assessee was allowed. en-us Tue, 14 Nov 2017 00:00:00 +0530 Thu, 16 Nov 2017 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350977 The Tribunal deemed the initiation of proceedings under Section 147/148 invalid due to lack of valid reasons for income escapement, quashing the reassessment. As objections against the reopening were not substantiated, the additions made under Sections 69A and 69C were not considered. The reassessment was overturned, and the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350977