https://www.taxtmi.com/caselaws?id=286153 The tribunal held that the Assessing Officer (AO) failed to independently apply his mind and relied on incorrect facts in recording reasons for reopening the assessment. The reasons were deemed insufficient and invalid, resulting in the quashing of the reopening. The appeal by the assessee was allowed, and the reopening of the assessment was declared bad in law. en-us Mon, 30 Nov 2015 00:00:00 +0530 Fri, 14 Feb 2020 19:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286153 The tribunal held that the Assessing Officer (AO) failed to independently apply his mind and relied on incorrect facts in recording reasons for reopening the assessment. The reasons were deemed insufficient and invalid, resulting in the quashing of the reopening. The appeal by the assessee was allowed, and the reopening of the assessment was declared bad in law. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286153