https://www.taxtmi.com/caselaws?id=402400 The Tribunal quashed the reassessment proceedings and additions made by the Assessing Officer, declaring the notice under Section 148 as illegal and the reassessment as invalid. The appeal by the assessee was allowed, and the order by the CIT(A) was cancelled. The Tribunal stressed the importance of the AO conducting an independent inquiry and having tangible material to justify reassessment proceedings. en-us Wed, 30 Dec 2020 00:00:00 +0530 Thu, 31 Dec 2020 15:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402400 The Tribunal quashed the reassessment proceedings and additions made by the Assessing Officer, declaring the notice under Section 148 as illegal and the reassessment as invalid. The appeal by the assessee was allowed, and the order by the CIT(A) was cancelled. The Tribunal stressed the importance of the AO conducting an independent inquiry and having tangible material to justify reassessment proceedings. Case-Laws Income Tax Wed, 30 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402400