https://www.taxtmi.com/caselaws?id=288494 The appeal against the CIT(A) order for Assessment Year 2008-09 was allowed by the Tribunal. The Tribunal held that the Assessing Officer was not justified in reopening the assessment under section 147 of the Income-tax Act, 1961, as no valid reasons existed for the escapement of income. Consequently, the initiation of assessment proceedings and the consequential assessment order were struck down. The Tribunal upheld the legal grounds raised by the assessee, rendering the issue on merits irrelevant. The appeal was allowed, and the order was pronounced on February 12, 2020. en-us Wed, 12 Feb 2020 00:00:00 +0530 Wed, 10 Jun 2020 20:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288494 The appeal against the CIT(A) order for Assessment Year 2008-09 was allowed by the Tribunal. The Tribunal held that the Assessing Officer was not justified in reopening the assessment under section 147 of the Income-tax Act, 1961, as no valid reasons existed for the escapement of income. Consequently, the initiation of assessment proceedings and the consequential assessment order were struck down. The Tribunal upheld the legal grounds raised by the assessee, rendering the issue on merits irrelevant. The appeal was allowed, and the order was pronounced on February 12, 2020. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288494