https://www.taxtmi.com/caselaws?id=373908 The High Court held that the reassessment proceedings were valid, overturning the Tribunal's decision. It emphasized that the Assessing Officer had sufficient material to form a belief that income had escaped assessment. Regarding the deletion of additions under Section 68, the High Court found flaws in the Tribunal's decision due to contradictory findings and failure to consider all relevant evidence. The Court remanded the matter to the Tribunal for fresh consideration, directing a comprehensive review of all facts and circumstances. The parties were instructed to appear before the Tribunal for further proceedings. en-us Tue, 15 Jan 2019 00:00:00 +0530 Thu, 07 Mar 2019 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373908 The High Court held that the reassessment proceedings were valid, overturning the Tribunal's decision. It emphasized that the Assessing Officer had sufficient material to form a belief that income had escaped assessment. Regarding the deletion of additions under Section 68, the High Court found flaws in the Tribunal's decision due to contradictory findings and failure to consider all relevant evidence. The Court remanded the matter to the Tribunal for fresh consideration, directing a comprehensive review of all facts and circumstances. The parties were instructed to appear before the Tribunal for further proceedings. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373908