https://www.taxtmi.com/caselaws?id=404692 The Tribunal upheld the decision that notices issued under section 148 were invalid due to the AO's failure to record satisfaction that the income chargeable to tax which had escaped assessment amounted to one lakh rupees or more. The appeals by the revenue were dismissed, and the actions of the AO were deemed null and void for lacking jurisdiction. The Tribunal emphasized that reasons for reopening must be self-explanatory and meet legal requirements to confer jurisdiction on the AO for issuing notices under section 148. en-us Thu, 25 Feb 2021 00:00:00 +0530 Sat, 27 Feb 2021 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404692 The Tribunal upheld the decision that notices issued under section 148 were invalid due to the AO's failure to record satisfaction that the income chargeable to tax which had escaped assessment amounted to one lakh rupees or more. The appeals by the revenue were dismissed, and the actions of the AO were deemed null and void for lacking jurisdiction. The Tribunal emphasized that reasons for reopening must be self-explanatory and meet legal requirements to confer jurisdiction on the AO for issuing notices under section 148. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404692