https://www.taxtmi.com/caselaws?id=406260 The Tribunal quashed the reassessment proceedings initiated under s. 148 of the Income Tax Act, 1961, due to improper service of notice and lack of valid justification. It found the Principal Commissioner's approval to be mechanical and the Assessing Officer's actions unsupported by evidence. The Tribunal admitted the additional ground regarding the notice's validity, leading to the appeal's success, and set aside the Commissioner of Income Tax (Appeals)'s order due to legal errors. The decision favored the assessee, emphasizing procedural lapses and the necessity of adherence to legal standards in reassessment processes. en-us Mon, 15 Mar 2021 00:00:00 +0530 Mon, 28 Oct 2024 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406260 The Tribunal quashed the reassessment proceedings initiated under s. 148 of the Income Tax Act, 1961, due to improper service of notice and lack of valid justification. It found the Principal Commissioner's approval to be mechanical and the Assessing Officer's actions unsupported by evidence. The Tribunal admitted the additional ground regarding the notice's validity, leading to the appeal's success, and set aside the Commissioner of Income Tax (Appeals)'s order due to legal errors. The decision favored the assessee, emphasizing procedural lapses and the necessity of adherence to legal standards in reassessment processes. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406260