https://www.taxtmi.com/caselaws?id=396396 The Appellate Tribunal allowed the Assessee's appeal, quashing the reopening of the assessment and deleting the additions made in the reassessment order. The Tribunal found that the Assessing Officer failed to properly apply his mind in issuing the notice under section 148 and conducting the reassessment proceedings under section 147. The Tribunal held that the reasons for reopening the assessment were based on incorrect information, rendering the reassessment invalid. Consequently, the Tribunal deemed the orders passed by the lower authorities as unjustified and bad in law, leading to the favorable outcome for the Assessee. en-us Tue, 05 May 2020 00:00:00 +0530 Fri, 03 Jul 2020 12:08:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396396 The Appellate Tribunal allowed the Assessee's appeal, quashing the reopening of the assessment and deleting the additions made in the reassessment order. The Tribunal found that the Assessing Officer failed to properly apply his mind in issuing the notice under section 148 and conducting the reassessment proceedings under section 147. The Tribunal held that the reasons for reopening the assessment were based on incorrect information, rendering the reassessment invalid. Consequently, the Tribunal deemed the orders passed by the lower authorities as unjustified and bad in law, leading to the favorable outcome for the Assessee. Case-Laws Income Tax Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396396