https://www.taxtmi.com/caselaws?id=19626 The Tribunal allowed the appeals filed by the assessee, setting aside the orders of the Income-tax Officer and the Commissioner of Income-tax (Appeals). It held the reassessment proceedings invalid due to the pendency of earlier proceedings and lack of sufficient evidence. Emphasizing that mere suspicion cannot replace proof for assessment, the High Court found no error of law and dismissed the Revenue's reference applications. en-us Wed, 27 May 1992 00:00:00 +0530 Sat, 07 Nov 2009 15:38:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19626 The Tribunal allowed the appeals filed by the assessee, setting aside the orders of the Income-tax Officer and the Commissioner of Income-tax (Appeals). It held the reassessment proceedings invalid due to the pendency of earlier proceedings and lack of sufficient evidence. Emphasizing that mere suspicion cannot replace proof for assessment, the High Court found no error of law and dismissed the Revenue's reference applications. Case-Laws Income Tax Wed, 27 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19626