https://www.taxtmi.com/caselaws?id=400588 The HC quashed the Tribunal's order and remitted the case for reconsideration. It held that the AO validly recorded reasons for reopening the assessment under Section 147 of the Income Tax Act. The Tribunal failed to independently verify these reasons. The appeal favored the revenue, directing the Tribunal to reassess. en-us Fri, 23 Oct 2020 00:00:00 +0530 Tue, 05 Nov 2024 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400588 The HC quashed the Tribunal's order and remitted the case for reconsideration. It held that the AO validly recorded reasons for reopening the assessment under Section 147 of the Income Tax Act. The Tribunal failed to independently verify these reasons. The appeal favored the revenue, directing the Tribunal to reassess. Case-Laws Income Tax Fri, 23 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400588