https://www.taxtmi.com/caselaws?id=408854 The Tribunal held that the Assessing Officer (AO) did not have a valid "reason to believe" that income had escaped assessment, thus deeming the notice under Section 148 as legally flawed. Consequently, all subsequent actions by the AO were nullified. The assessee's appeal was allowed, and the assessment reopening was quashed. en-us Fri, 18 Jun 2021 00:00:00 +0530 Wed, 23 Jun 2021 10:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408854 The Tribunal held that the Assessing Officer (AO) did not have a valid "reason to believe" that income had escaped assessment, thus deeming the notice under Section 148 as legally flawed. Consequently, all subsequent actions by the AO were nullified. The assessee's appeal was allowed, and the assessment reopening was quashed. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408854