https://www.taxtmi.com/caselaws?id=290363 The Tribunal allowed the appeal, setting aside the reassessment order passed under Section 147 of the Income Tax Act, 1961. The Tribunal found that the reasons recorded for reopening the assessment did not meet the standard of constituting a "reason to believe" for income escapement. This decision rendered the other issues raised in the appeal moot. en-us Fri, 12 Apr 2019 00:00:00 +0530 Tue, 22 Sep 2020 09:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290363 The Tribunal allowed the appeal, setting aside the reassessment order passed under Section 147 of the Income Tax Act, 1961. The Tribunal found that the reasons recorded for reopening the assessment did not meet the standard of constituting a "reason to believe" for income escapement. This decision rendered the other issues raised in the appeal moot. Case-Laws Income Tax Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290363