https://www.taxtmi.com/caselaws?id=375356 The Tribunal found that the reasons recorded for reopening the assessment under Section 148 of the Income Tax Act were not valid, leading to the notice issued being deemed invalid. Consequently, the assessment was considered to be without jurisdiction, and the assessee's appeal was allowed. The Tribunal emphasized the necessity of a direct and rational nexus between the reasons recorded and the belief of income escapement, which was lacking in this case. The premature questioning of the assessee and the absence of concrete evidence to support the belief of income escapement were key factors in the Tribunal's decision. en-us Fri, 07 Dec 2018 00:00:00 +0530 Mon, 18 Feb 2019 06:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375356 The Tribunal found that the reasons recorded for reopening the assessment under Section 148 of the Income Tax Act were not valid, leading to the notice issued being deemed invalid. Consequently, the assessment was considered to be without jurisdiction, and the assessee's appeal was allowed. The Tribunal emphasized the necessity of a direct and rational nexus between the reasons recorded and the belief of income escapement, which was lacking in this case. The premature questioning of the assessee and the absence of concrete evidence to support the belief of income escapement were key factors in the Tribunal's decision. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375356