https://www.taxtmi.com/caselaws?id=402487 The Tribunal allowed the appeal, quashing the proceedings under section 147 due to the lack of application of mind by the Assessing Officer and the invalid basis for reopening the assessment. The initiation of proceedings under section 147 was found to be flawed as the return of income had been filed within the stipulated time, rendering the entire process invalid. The Tribunal emphasized the importance of the Assessing Officer verifying information before assuming jurisdiction to ensure the validity of the proceedings. en-us Thu, 29 Oct 2020 00:00:00 +0530 Mon, 04 Jan 2021 11:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402487 The Tribunal allowed the appeal, quashing the proceedings under section 147 due to the lack of application of mind by the Assessing Officer and the invalid basis for reopening the assessment. The initiation of proceedings under section 147 was found to be flawed as the return of income had been filed within the stipulated time, rendering the entire process invalid. The Tribunal emphasized the importance of the Assessing Officer verifying information before assuming jurisdiction to ensure the validity of the proceedings. Case-Laws Income Tax Thu, 29 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402487