https://www.taxtmi.com/caselaws?id=392115 The Appellate Tribunal allowed both appeals of the assessee, as it found that the re-assessment proceedings under section 147 / 148 of the Income-tax Act, 1961 were not valid in law. The Tribunal concluded that the Assessing Officer failed to establish a logical connection between the reasons recorded for re-assessment and the final assessment. As a result, the Tribunal quashed the re-assessment orders for both appeals due to the lack of valid grounds for income escapement. en-us Wed, 08 Jan 2020 00:00:00 +0530 Fri, 14 Feb 2020 09:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392115 The Appellate Tribunal allowed both appeals of the assessee, as it found that the re-assessment proceedings under section 147 / 148 of the Income-tax Act, 1961 were not valid in law. The Tribunal concluded that the Assessing Officer failed to establish a logical connection between the reasons recorded for re-assessment and the final assessment. As a result, the Tribunal quashed the re-assessment orders for both appeals due to the lack of valid grounds for income escapement. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392115