https://www.taxtmi.com/caselaws?id=276394 The case involved a dispute between the Revenue and the assessee regarding the reopening of assessment for the assessment year 2008-09 under section 147/148 of the Income Tax Act. The CIT(Appeals) held the reopening proceedings invalid due to the Assessing Officer's lack of proper application of mind. The Tribunal affirmed this decision, emphasizing the necessity of establishing a clear connection between the information received and the alleged escapement of income. Judicial precedents were cited to underscore the importance of valid reasons for reopening assessments. Ultimately, both the Revenue's appeal and the assessee's Cross Objection were dismissed by the Tribunal. en-us Mon, 29 Feb 2016 00:00:00 +0530 Fri, 09 Nov 2018 18:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276394 The case involved a dispute between the Revenue and the assessee regarding the reopening of assessment for the assessment year 2008-09 under section 147/148 of the Income Tax Act. The CIT(Appeals) held the reopening proceedings invalid due to the Assessing Officer's lack of proper application of mind. The Tribunal affirmed this decision, emphasizing the necessity of establishing a clear connection between the information received and the alleged escapement of income. Judicial precedents were cited to underscore the importance of valid reasons for reopening assessments. Ultimately, both the Revenue's appeal and the assessee's Cross Objection were dismissed by the Tribunal. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276394