https://www.taxtmi.com/caselaws?id=367590 The High Court ruled in favor of the assessee in a tax appeal case concerning the interpretation of section 145 of the Income Tax Act. The Court emphasized the necessity for the assessing officer to have independent material to support additions in assessments, rather than solely relying on unverified information from other departments like the Excise Department. The Court highlighted that the assessing officer must establish tax evasion with concrete evidence and cannot delay assessments based on pending proceedings in other departments. Consequently, the Court dismissed all Tax Appeals filed by the Revenue, emphasizing the importance of proper verification and evidence in tax assessments. en-us Tue, 18 Sep 2018 00:00:00 +0530 Sat, 22 Sep 2018 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367590 The High Court ruled in favor of the assessee in a tax appeal case concerning the interpretation of section 145 of the Income Tax Act. The Court emphasized the necessity for the assessing officer to have independent material to support additions in assessments, rather than solely relying on unverified information from other departments like the Excise Department. The Court highlighted that the assessing officer must establish tax evasion with concrete evidence and cannot delay assessments based on pending proceedings in other departments. Consequently, the Court dismissed all Tax Appeals filed by the Revenue, emphasizing the importance of proper verification and evidence in tax assessments. Case-Laws Income Tax Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367590