https://www.taxtmi.com/caselaws?id=415075 The Tribunal held that the reassessment order under Section 147 was invalid as there was insufficient information to establish income escapement. Consequently, the revisionary order under Section 263, based on the flawed reassessment, was unsustainable. The Tribunal set aside the revisionary order, allowing the assessee's appeal. The case outcome favored the assessee, and the appeal was allowed on 02.11.2021. en-us Tue, 02 Nov 2021 00:00:00 +0530 Thu, 25 Nov 2021 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415075 The Tribunal held that the reassessment order under Section 147 was invalid as there was insufficient information to establish income escapement. Consequently, the revisionary order under Section 263, based on the flawed reassessment, was unsustainable. The Tribunal set aside the revisionary order, allowing the assessee's appeal. The case outcome favored the assessee, and the appeal was allowed on 02.11.2021. Case-Laws Income Tax Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415075