https://www.taxtmi.com/caselaws?id=394572 The Tribunal allowed the appeal, quashed the reassessment order, and emphasized the necessity of quantifying the escaped income for a valid reopening under section 147 of the Income Tax Act, 1961. The Tribunal found the reasons provided for reopening to be vague and inconclusive, lacking coherence between the information available and the formation of belief that income had escaped assessment. The reassessment was deemed invalid, and the appellant's appeal was successful. en-us Thu, 06 Feb 2020 00:00:00 +0530 Fri, 17 Apr 2020 15:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394572 The Tribunal allowed the appeal, quashed the reassessment order, and emphasized the necessity of quantifying the escaped income for a valid reopening under section 147 of the Income Tax Act, 1961. The Tribunal found the reasons provided for reopening to be vague and inconclusive, lacking coherence between the information available and the formation of belief that income had escaped assessment. The reassessment was deemed invalid, and the appellant's appeal was successful. Case-Laws Income Tax Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394572