https://www.taxtmi.com/caselaws?id=403082 The tribunal allowed the appeal on jurisdictional grounds under section 147 of the Income Tax Act, ruling the notice under section 148 invalid. The tribunal emphasized that the assessing officer lacked a genuine belief of income escapement and was conducting a fishing inquiry, contrary to legal requirements. The addition of unaccounted income was deemed impermissible without an independent belief of income escapement. Consequently, the assessment under section 147 was declared null and void, leading to the quashing of the appeal solely on jurisdictional grounds. en-us Mon, 04 Jan 2021 00:00:00 +0530 Tue, 19 Jan 2021 10:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403082 The tribunal allowed the appeal on jurisdictional grounds under section 147 of the Income Tax Act, ruling the notice under section 148 invalid. The tribunal emphasized that the assessing officer lacked a genuine belief of income escapement and was conducting a fishing inquiry, contrary to legal requirements. The addition of unaccounted income was deemed impermissible without an independent belief of income escapement. Consequently, the assessment under section 147 was declared null and void, leading to the quashing of the appeal solely on jurisdictional grounds. Case-Laws Income Tax Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403082