https://www.taxtmi.com/caselaws?id=420571 The appellant successfully challenged the validity of the notice issued under section 148 of the Income Tax Act, arguing it was illegal and lacked jurisdiction. The reassessment proceedings were deemed invalid due to a lack of tangible material supporting the AO's reasons to believe income had escaped assessment. The CIT (A) was criticized for upholding an addition without sufficient evidence, leading to an unjust decision. The appellant's contentions regarding the legality of the notice, jurisdictional requirements for reassessment, and lack of opportunity during assessment proceedings were upheld, resulting in a favorable outcome for the appellant. en-us Fri, 01 Apr 2022 00:00:00 +0530 Mon, 04 Apr 2022 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420571 The appellant successfully challenged the validity of the notice issued under section 148 of the Income Tax Act, arguing it was illegal and lacked jurisdiction. The reassessment proceedings were deemed invalid due to a lack of tangible material supporting the AO's reasons to believe income had escaped assessment. The CIT (A) was criticized for upholding an addition without sufficient evidence, leading to an unjust decision. The appellant's contentions regarding the legality of the notice, jurisdictional requirements for reassessment, and lack of opportunity during assessment proceedings were upheld, resulting in a favorable outcome for the appellant. Case-Laws Income Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420571