https://www.taxtmi.com/caselaws?id=435763 The Tribunal upheld the CIT(A)'s decision, quashing the assessment order and dismissing the Revenue's appeal. The Assessing Officer lacked jurisdiction to assess other income independently as they did not assess the income which was the basis for reopening the assessment. The notice under Section 148 was found to be issued on invalid reasons, with no tangible material showing nexus between the reasons recorded and the belief formed. The CIT(A) ruled that the reopening was based on incorrect facts and without proper application of mind, leading to the assessment being deemed void ab initio. en-us Thu, 23 Mar 2023 00:00:00 +0530 Sat, 25 Mar 2023 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435763 The Tribunal upheld the CIT(A)'s decision, quashing the assessment order and dismissing the Revenue's appeal. The Assessing Officer lacked jurisdiction to assess other income independently as they did not assess the income which was the basis for reopening the assessment. The notice under Section 148 was found to be issued on invalid reasons, with no tangible material showing nexus between the reasons recorded and the belief formed. The CIT(A) ruled that the reopening was based on incorrect facts and without proper application of mind, leading to the assessment being deemed void ab initio. Case-Laws Income Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435763