https://www.taxtmi.com/caselaws?id=272623 The reassessment proceedings initiated under sections 147/148 of the Income-tax Act, 1961 were deemed invalid due to vague reasons recorded by the Assessing Officer. The lack of specific details regarding the property sold and other essential information led to the quashing of the reassessment proceedings. As a result, the assessment made thereon was canceled, and the appeal filed by the assessee was allowed by the court. en-us Wed, 26 Apr 2017 00:00:00 +0530 Thu, 10 May 2018 05:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272623 The reassessment proceedings initiated under sections 147/148 of the Income-tax Act, 1961 were deemed invalid due to vague reasons recorded by the Assessing Officer. The lack of specific details regarding the property sold and other essential information led to the quashing of the reassessment proceedings. As a result, the assessment made thereon was canceled, and the appeal filed by the assessee was allowed by the court. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272623