https://www.taxtmi.com/caselaws?id=432093 The Tribunal allowed the Revenue's appeals for the assessment years 2011-12 and 2012-13 for statistical purposes. It set aside the CIT(A)'s findings quashing the reassessment proceedings, directing a review of the additions made by the Assessing Officer under section 68. The Tribunal determined that the AO had valid reasons to believe income had escaped assessment, supported by new material, justifying the reassessment under section 147 of the Income Tax Act. en-us Thu, 10 Nov 2022 00:00:00 +0530 Wed, 28 Dec 2022 08:20:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432093 The Tribunal allowed the Revenue's appeals for the assessment years 2011-12 and 2012-13 for statistical purposes. It set aside the CIT(A)'s findings quashing the reassessment proceedings, directing a review of the additions made by the Assessing Officer under section 68. The Tribunal determined that the AO had valid reasons to believe income had escaped assessment, supported by new material, justifying the reassessment under section 147 of the Income Tax Act. Case-Laws Income Tax Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432093