https://www.taxtmi.com/caselaws?id=398694 The Tribunal allowed the appeal of the assessee, quashing the reassessment proceedings initiated under Section 147 of the Income-tax Act due to lack of tangible material and reliance on mere suspicion. The Tribunal set aside the order of the CIT(A) on the issue of reassessment validity and did not adjudicate further on the merits of the additions made by the Assessing Officer. The appeal of the assessee was allowed in its entirety. en-us Tue, 15 Sep 2020 00:00:00 +0530 Fri, 24 Feb 2023 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398694 The Tribunal allowed the appeal of the assessee, quashing the reassessment proceedings initiated under Section 147 of the Income-tax Act due to lack of tangible material and reliance on mere suspicion. The Tribunal set aside the order of the CIT(A) on the issue of reassessment validity and did not adjudicate further on the merits of the additions made by the Assessing Officer. The appeal of the assessee was allowed in its entirety. Case-Laws Income Tax Tue, 15 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398694