https://www.taxtmi.com/caselaws?id=458621 ITAT Amritsar quashed the assessment order on two grounds. First, the reopening under section 147 was invalid as the AO failed to establish any nexus between the assessee's investment and escaped income, with proceedings based on no evidence or uncorroborative material. The CIT(A) was unjustified in upholding the reopening without proper appreciation of facts and evidence. Second, the notice under section 148 was not properly served at the assessee's correct address, with the AO sending notice to a different address than mentioned in the assessment order, vitiating the entire proceedings. en-us Thu, 28 Feb 2019 00:00:00 +0530 Sat, 09 Nov 2024 08:46:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458621 ITAT Amritsar quashed the assessment order on two grounds. First, the reopening under section 147 was invalid as the AO failed to establish any nexus between the assessee's investment and escaped income, with proceedings based on no evidence or uncorroborative material. The CIT(A) was unjustified in upholding the reopening without proper appreciation of facts and evidence. Second, the notice under section 148 was not properly served at the assessee's correct address, with the AO sending notice to a different address than mentioned in the assessment order, vitiating the entire proceedings. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458621