https://www.taxtmi.com/caselaws?id=385568 The Tribunal quashed the assessment orders passed under sections 144/147, as the reasons recorded for reopening the assessment lacked legal sufficiency. The Tribunal emphasized the necessity of a direct nexus between the material and the belief of income escapement, requiring proper application of mind by the Assessing Officer. Consequently, all issues, including additions to total income and interest charged under sections 234A, 234B, and 234C, were deemed irrelevant due to the invalidity of the reopening and assessment orders. en-us Fri, 22 Mar 2019 00:00:00 +0530 Sat, 07 Sep 2019 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385568 The Tribunal quashed the assessment orders passed under sections 144/147, as the reasons recorded for reopening the assessment lacked legal sufficiency. The Tribunal emphasized the necessity of a direct nexus between the material and the belief of income escapement, requiring proper application of mind by the Assessing Officer. Consequently, all issues, including additions to total income and interest charged under sections 234A, 234B, and 234C, were deemed irrelevant due to the invalidity of the reopening and assessment orders. Case-Laws Income Tax Fri, 22 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385568