https://www.taxtmi.com/caselaws?id=380869 The Tribunal allowed the appeal, quashing the assessment order and invalidating the addition of Rs. 33,15,990 to the returned income of the assessee. The Tribunal held that the reopening of the assessment lacked independent application of mind by the Assessing Officer and did not meet the requirements of Section 147 of the Income Tax Act. The Tribunal emphasized the necessity of establishing a clear nexus for the escapement of income, citing relevant case law. en-us Wed, 22 May 2019 00:00:00 +0530 Wed, 29 May 2019 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380869 The Tribunal allowed the appeal, quashing the assessment order and invalidating the addition of Rs. 33,15,990 to the returned income of the assessee. The Tribunal held that the reopening of the assessment lacked independent application of mind by the Assessing Officer and did not meet the requirements of Section 147 of the Income Tax Act. The Tribunal emphasized the necessity of establishing a clear nexus for the escapement of income, citing relevant case law. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380869