https://www.taxtmi.com/caselaws?id=282215 The Tribunal held that the reassessment proceedings were invalid as the Assessing Officer lacked independent application of mind in forming the belief of income escapement. The reasons recorded did not establish a direct link between the information received and the initiation of reassessment. Consequently, the Tribunal cancelled the reassessment proceedings and additions made, including the amounts of Rs. 2,21,895/- and Rs. 3,500/-, were deemed unsustainable. The appeal favored the assessee. en-us Fri, 04 May 2018 00:00:00 +0530 Sat, 27 Jul 2019 06:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282215 The Tribunal held that the reassessment proceedings were invalid as the Assessing Officer lacked independent application of mind in forming the belief of income escapement. The reasons recorded did not establish a direct link between the information received and the initiation of reassessment. Consequently, the Tribunal cancelled the reassessment proceedings and additions made, including the amounts of Rs. 2,21,895/- and Rs. 3,500/-, were deemed unsustainable. The appeal favored the assessee. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282215