https://www.taxtmi.com/caselaws?id=282323 The Tribunal quashed the reassessment proceedings initiated by the Assessing Officer, citing lack of application of mind, vague reasons, and reliance on insufficient information. The Tribunal emphasized the necessity for the Assessing Officer to record satisfaction independently before issuing notices for reassessment. The reassessment proceedings were deemed invalid and without jurisdiction, leading to the Tribunal allowing the assessee's appeal on 4.10.2017. en-us Wed, 04 Oct 2017 00:00:00 +0530 Sat, 03 Aug 2019 06:25:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282323 The Tribunal quashed the reassessment proceedings initiated by the Assessing Officer, citing lack of application of mind, vague reasons, and reliance on insufficient information. The Tribunal emphasized the necessity for the Assessing Officer to record satisfaction independently before issuing notices for reassessment. The reassessment proceedings were deemed invalid and without jurisdiction, leading to the Tribunal allowing the assessee's appeal on 4.10.2017. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282323