https://www.taxtmi.com/caselaws?id=376658 The Tribunal quashed the reassessment by the AO, declaring it invalid as the specific income forming the basis of the notice under section 148 was not assessed. The reassessment was deemed legally untenable as the AO failed to address the alleged escaped income, rendering the reopening invalid. Consequently, the assessee's appeal was allowed, and the reassessment was nullified. en-us Fri, 01 Mar 2019 00:00:00 +0530 Wed, 13 Mar 2019 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376658 The Tribunal quashed the reassessment by the AO, declaring it invalid as the specific income forming the basis of the notice under section 148 was not assessed. The reassessment was deemed legally untenable as the AO failed to address the alleged escaped income, rendering the reopening invalid. Consequently, the assessee's appeal was allowed, and the reassessment was nullified. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376658