https://www.taxtmi.com/caselaws?id=358495 The Tribunal quashed the assessment order due to various flaws in the reassessment process, including the lack of fresh material, absence of required approval under Section 151 of the Income Tax Act, and the Assessing Officer's failure to independently apply his mind. The Tribunal found that the initiation of reassessment proceedings was unlawful as it did not meet the legal requirements, ultimately leading to the decision to allow the appeal and quash the assessment order. en-us Thu, 12 Apr 2018 00:00:00 +0530 Sat, 02 Jun 2018 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358495 The Tribunal quashed the assessment order due to various flaws in the reassessment process, including the lack of fresh material, absence of required approval under Section 151 of the Income Tax Act, and the Assessing Officer's failure to independently apply his mind. The Tribunal found that the initiation of reassessment proceedings was unlawful as it did not meet the legal requirements, ultimately leading to the decision to allow the appeal and quash the assessment order. Case-Laws Income Tax Thu, 12 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358495