https://www.taxtmi.com/caselaws?id=429884 The Tribunal quashed the notice issued under section 148 due to the absence of a valid reason to believe income had escaped assessment. Consequently, reassessment proceedings were set aside, and the appeal of the assessee was allowed. Other issues raised by the assessee, including challenges to the validity of assessment without following natural justice, addition made under section 68, and grounds mentioned in the Show Cause Notice, were not extensively discussed as they became moot in light of the jurisdictional issue. en-us Tue, 18 Oct 2022 00:00:00 +0530 Sat, 05 Nov 2022 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429884 The Tribunal quashed the notice issued under section 148 due to the absence of a valid reason to believe income had escaped assessment. Consequently, reassessment proceedings were set aside, and the appeal of the assessee was allowed. Other issues raised by the assessee, including challenges to the validity of assessment without following natural justice, addition made under section 68, and grounds mentioned in the Show Cause Notice, were not extensively discussed as they became moot in light of the jurisdictional issue. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429884