https://www.taxtmi.com/caselaws?id=460478 Reassessment proceedings were held to be without jurisdiction where the Additional Commissioner continued action initiated by the Income Tax Officer without first recording independent reasons to believe escapement of income, without issuing a fresh notice under Section 148, and without any order under Section 127 transferring jurisdiction. The Tribunal noted that no transfer order existed on the record and that the statutory requirements for valid assumption of reassessment jurisdiction had not been met. On those facts, the reassessment was treated as bad in law for want of lawful authority. en-us Mon, 16 Oct 2017 00:00:00 +0530 Mon, 27 Jan 2025 21:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460478 Reassessment proceedings were held to be without jurisdiction where the Additional Commissioner continued action initiated by the Income Tax Officer without first recording independent reasons to believe escapement of income, without issuing a fresh notice under Section 148, and without any order under Section 127 transferring jurisdiction. The Tribunal noted that no transfer order existed on the record and that the statutory requirements for valid assumption of reassessment jurisdiction had not been met. On those facts, the reassessment was treated as bad in law for want of lawful authority. Case-Laws Income Tax Mon, 16 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460478