https://www.taxtmi.com/caselaws?id=376051 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection, upholding the CIT(A)'s quashing of the re-assessment order and deletion of the additions. The Tribunal emphasized the lack of analysis and evidence by the AO to substantiate the claims of escaped income and personal benefit. The decision reinforces the necessity for the AO to establish a clear and direct link between the alleged escaped income and the information available before reopening an assessment. en-us Thu, 21 Feb 2019 00:00:00 +0530 Wed, 20 Mar 2019 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376051 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection, upholding the CIT(A)'s quashing of the re-assessment order and deletion of the additions. The Tribunal emphasized the lack of analysis and evidence by the AO to substantiate the claims of escaped income and personal benefit. The decision reinforces the necessity for the AO to establish a clear and direct link between the alleged escaped income and the information available before reopening an assessment. Case-Laws Income Tax Thu, 21 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376051