https://www.taxtmi.com/caselaws?id=766764 An assessment under sections 147 and 148 of the Income-tax Act cannot be sustained where it is founded only on allegations in an FIR that was later quashed on compromise and there is no independent inquiry or material showing undisclosed income. The absence of concrete evidence meant the additions could not rest on assumptions or presumptions. Continued ex parte proceedings were also noted against the backdrop that the assessee was said to be in a vegetative state and unable to participate. The ex parte assessment order and consequential demand notices were therefore set aside. en-us Thu, 11 Jul 2024 00:00:00 +0530 Tue, 04 Mar 2025 07:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766764 An assessment under sections 147 and 148 of the Income-tax Act cannot be sustained where it is founded only on allegations in an FIR that was later quashed on compromise and there is no independent inquiry or material showing undisclosed income. The absence of concrete evidence meant the additions could not rest on assumptions or presumptions. Continued ex parte proceedings were also noted against the backdrop that the assessee was said to be in a vegetative state and unable to participate. The ex parte assessment order and consequential demand notices were therefore set aside. Case-Laws Income Tax Thu, 11 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766764