https://www.taxtmi.com/caselaws?id=279636 The Tribunal ruled in favor of the Assessee, quashing the reassessment proceedings due to the lack of independent application of mind by the Assessing Officer. The Tribunal found the reasons recorded for reopening to be vague and lacking tangible material, rendering the reopening invalid under section 147. By following a High Court precedent, the Tribunal sided with the Appellant, leading to the quashing of the reassessment proceedings. Other issues were not addressed as a result of this decision. en-us Thu, 03 Mar 2016 00:00:00 +0530 Fri, 29 Mar 2019 05:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279636 The Tribunal ruled in favor of the Assessee, quashing the reassessment proceedings due to the lack of independent application of mind by the Assessing Officer. The Tribunal found the reasons recorded for reopening to be vague and lacking tangible material, rendering the reopening invalid under section 147. By following a High Court precedent, the Tribunal sided with the Appellant, leading to the quashing of the reassessment proceedings. Other issues were not addressed as a result of this decision. Case-Laws Income Tax Thu, 03 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279636