https://www.taxtmi.com/caselaws?id=365043 The Tribunal invalidated the reassessment proceedings initiated without proper approval under Section 151 of the Income Tax Act, citing mechanical approval without application of mind. Reassessment based solely on information from the investigation wing was deemed invalid due to lack of substantive material linking to the belief of escaped income. Failure to issue notice under Section 143(2) and dismissal of appeal for non-prosecution were not addressed separately. The Tribunal also found non-compliance with Section 250(6) and inadequate time for remedy against the assessment order, rendering the reassessment proceedings void. Consequently, all proceedings and orders were quashed, and the assessee's appeal was allowed on legal grounds. en-us Mon, 06 Aug 2018 00:00:00 +0530 Thu, 09 Aug 2018 07:29:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365043 The Tribunal invalidated the reassessment proceedings initiated without proper approval under Section 151 of the Income Tax Act, citing mechanical approval without application of mind. Reassessment based solely on information from the investigation wing was deemed invalid due to lack of substantive material linking to the belief of escaped income. Failure to issue notice under Section 143(2) and dismissal of appeal for non-prosecution were not addressed separately. The Tribunal also found non-compliance with Section 250(6) and inadequate time for remedy against the assessment order, rendering the reassessment proceedings void. Consequently, all proceedings and orders were quashed, and the assessee's appeal was allowed on legal grounds. Case-Laws Income Tax Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365043