https://www.taxtmi.com/caselaws?id=400560 The Tribunal allowed the assessee's appeal, finding a lack of proper application of mind by the Assessing Officer in initiating reassessment proceedings. Relying on legal precedents, the Tribunal quashed the reassessment, emphasizing the importance of proper jurisdiction and due diligence. The decision underscored the necessity for a thorough evaluation of evidence and adherence to legal requirements in conducting assessments under the Income Tax Act, 1961. en-us Mon, 09 Nov 2020 00:00:00 +0530 Mon, 09 Nov 2020 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400560 The Tribunal allowed the assessee's appeal, finding a lack of proper application of mind by the Assessing Officer in initiating reassessment proceedings. Relying on legal precedents, the Tribunal quashed the reassessment, emphasizing the importance of proper jurisdiction and due diligence. The decision underscored the necessity for a thorough evaluation of evidence and adherence to legal requirements in conducting assessments under the Income Tax Act, 1961. Case-Laws Income Tax Mon, 09 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400560