https://www.taxtmi.com/caselaws?id=405182 The Tribunal quashed the reassessment proceedings for three assessment years, citing the invalidity of the initiation under Section 147 due to a lack of tangible material and independent assessment by the Assessing Officer. Notices issued under Section 148 were deemed invalid, and the approval granted under Section 151 was found to be from an unauthorized authority. Consequently, the Tribunal allowed the assessee's appeals and annulled the reassessment orders. en-us Mon, 08 Mar 2021 00:00:00 +0530 Sat, 13 Mar 2021 08:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405182 The Tribunal quashed the reassessment proceedings for three assessment years, citing the invalidity of the initiation under Section 147 due to a lack of tangible material and independent assessment by the Assessing Officer. Notices issued under Section 148 were deemed invalid, and the approval granted under Section 151 was found to be from an unauthorized authority. Consequently, the Tribunal allowed the assessee's appeals and annulled the reassessment orders. Case-Laws Income Tax Mon, 08 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405182