https://www.taxtmi.com/caselaws?id=303778 The appeal challenged the initiation of proceedings u/s 147/148 of the Income-tax Act, alleging lack of cogent material for believing in income escapement. The CIT(A) upheld the initiation citing specific details connecting the appellant to the scheme. The Tribunal found the reopening lacked a valid reason to believe, quashed the reassessment order, and allowed the appellant's appeal. en-us Wed, 23 Jan 2019 00:00:00 +0530 Fri, 12 Aug 2022 20:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303778 The appeal challenged the initiation of proceedings u/s 147/148 of the Income-tax Act, alleging lack of cogent material for believing in income escapement. The CIT(A) upheld the initiation citing specific details connecting the appellant to the scheme. The Tribunal found the reopening lacked a valid reason to believe, quashed the reassessment order, and allowed the appellant's appeal. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303778