https://www.taxtmi.com/caselaws?id=407643 The Tribunal allowed the appeal, quashing the reassessment proceedings under Section 147 of the Income Tax Act due to the absence of new tangible material and lack of independent application of mind by the Assessing Officer. The reassessment was deemed an afterthought and not sustainable, leading to the conclusion that the other grounds on merits became irrelevant. The decision was rendered on 10/5/2021. en-us Mon, 10 May 2021 00:00:00 +0530 Mon, 17 May 2021 08:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407643 The Tribunal allowed the appeal, quashing the reassessment proceedings under Section 147 of the Income Tax Act due to the absence of new tangible material and lack of independent application of mind by the Assessing Officer. The reassessment was deemed an afterthought and not sustainable, leading to the conclusion that the other grounds on merits became irrelevant. The decision was rendered on 10/5/2021. Case-Laws Income Tax Mon, 10 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407643