https://www.taxtmi.com/caselaws?id=356880 The Tribunal found the reassessment proceedings initiated by the Assessing Officer under section 147/148 to be invalid and lacking a crucial link between the information and the belief of income escapement. Consequently, the impugned assessment order was quashed, and the appeal was allowed. The Tribunal deemed it unnecessary to address other grounds as they were considered academic. The final order allowed both appeals, with the decision pronounced in open court on 09/03/2018. en-us Fri, 09 Mar 2018 00:00:00 +0530 Wed, 14 Mar 2018 06:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356880 The Tribunal found the reassessment proceedings initiated by the Assessing Officer under section 147/148 to be invalid and lacking a crucial link between the information and the belief of income escapement. Consequently, the impugned assessment order was quashed, and the appeal was allowed. The Tribunal deemed it unnecessary to address other grounds as they were considered academic. The final order allowed both appeals, with the decision pronounced in open court on 09/03/2018. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356880