https://www.taxtmi.com/highlights?id=44934 Reopening of assessment u/s 147 - - reopening based on report of the Investigation Wing - Assessing officer can rely on the report of DIT, Investigation Wing but at the same time, where he is assuming jurisdiction u/s 147, he is required to carry out further examination and analysis in order to establish the nexus between the material and formation of belief that income has escaped assessment and in absence thereof, the assumption of jurisdiction u/s 147 has no legal basis and resultant reassessment proceedings deserve to be set-aside en-us Wed, 06 Mar 2019 06:21:49 +0530 Wed, 06 Mar 2019 06:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44934 Reopening of assessment u/s 147 - - reopening based on report of the Investigation Wing - Assessing officer can rely on the report of DIT, Investigation Wing but at the same time, where he is assuming jurisdiction u/s 147, he is required to carry out further examination and analysis in order to establish the nexus between the material and formation of belief that income has escaped assessment and in absence thereof, the assumption of jurisdiction u/s 147 has no legal basis and resultant reassessment proceedings deserve to be set-aside Highlights Income Tax Wed, 06 Mar 2019 06:21:49 +0530 https://www.taxtmi.com/highlights?id=44934