https://www.taxtmi.com/caselaws?id=396000 The tribunal allowed the appeal, quashing the assessment order due to the invalid reopening of the assessment under section 148 of the Income Tax Act. The tribunal emphasized the necessity for tangible material and independent satisfaction of the Assessing Officer in forming the belief of income escapement. The decision rendered the merits of the additions academic and did not delve into them further. en-us Mon, 15 Jun 2020 00:00:00 +0530 Mon, 31 Aug 2020 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396000 The tribunal allowed the appeal, quashing the assessment order due to the invalid reopening of the assessment under section 148 of the Income Tax Act. The tribunal emphasized the necessity for tangible material and independent satisfaction of the Assessing Officer in forming the belief of income escapement. The decision rendered the merits of the additions academic and did not delve into them further. Case-Laws Income Tax Mon, 15 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396000