https://www.taxtmi.com/caselaws?id=429337 The Tribunal found the reopening of assessment under section 147 of the I.T. Act for A.Y. 2013-14 to be invalid as there was no material connecting the information to the belief of income escapement. Emphasizing the requirement of a direct link between the material and income escapement, the Tribunal deemed the reopening as lacking a valid basis, citing legal precedents. Consequently, the appeal was allowed, and the orders were quashed solely on legal grounds without delving into the merits of the case. en-us Tue, 04 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429337 The Tribunal found the reopening of assessment under section 147 of the I.T. Act for A.Y. 2013-14 to be invalid as there was no material connecting the information to the belief of income escapement. Emphasizing the requirement of a direct link between the material and income escapement, the Tribunal deemed the reopening as lacking a valid basis, citing legal precedents. Consequently, the appeal was allowed, and the orders were quashed solely on legal grounds without delving into the merits of the case. Case-Laws Income Tax Tue, 04 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429337