https://www.taxtmi.com/caselaws?id=392337 The Tribunal found the reassessment proceedings initiated by the AO to be invalid as the AO did not have a valid reason to believe income had escaped assessment, and the JCIT's approval was deemed mechanical. Relying on legal precedents, the Tribunal quashed the reassessment proceedings, leading to the allowance of the assessee's appeal solely on legal grounds. Consequently, the other substantive grounds raised by the assessee were not addressed. The reassessment was declared void, and the order was pronounced on 05/02/2020. en-us Wed, 05 Feb 2020 00:00:00 +0530 Tue, 18 Feb 2020 12:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392337 The Tribunal found the reassessment proceedings initiated by the AO to be invalid as the AO did not have a valid reason to believe income had escaped assessment, and the JCIT's approval was deemed mechanical. Relying on legal precedents, the Tribunal quashed the reassessment proceedings, leading to the allowance of the assessee's appeal solely on legal grounds. Consequently, the other substantive grounds raised by the assessee were not addressed. The reassessment was declared void, and the order was pronounced on 05/02/2020. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392337