https://www.taxtmi.com/caselaws?id=289935 The Tribunal held that the reopening of the assessment under Section 147/148 of the Income-tax Act was invalid as the Assessing Officer (AO) did not independently apply his mind but relied on borrowed satisfaction. The reasons for reopening lacked specific details and failed to establish a link between tangible material and the belief of escaped income. Additionally, the approval granted by the Commissioner was deemed invalid as it was mechanical without proper consideration. Consequently, the reassessment order was quashed, and the appeal of the assessee was allowed. en-us Thu, 09 May 2019 00:00:00 +0530 Mon, 31 Aug 2020 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289935 The Tribunal held that the reopening of the assessment under Section 147/148 of the Income-tax Act was invalid as the Assessing Officer (AO) did not independently apply his mind but relied on borrowed satisfaction. The reasons for reopening lacked specific details and failed to establish a link between tangible material and the belief of escaped income. Additionally, the approval granted by the Commissioner was deemed invalid as it was mechanical without proper consideration. Consequently, the reassessment order was quashed, and the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 09 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289935