https://www.taxtmi.com/caselaws?id=211397 The Tribunal found the reopening of the assessment invalid as the AO did not independently verify information before recording reasons for reopening. Consequently, the reassessment proceedings were quashed, making the addition of Rs. 70,000 under section 69 moot. The assessee's appeal was allowed, and the reassessment proceedings were set aside. en-us Fri, 26 Aug 2011 00:00:00 +0530 Fri, 11 Aug 2017 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211397 The Tribunal found the reopening of the assessment invalid as the AO did not independently verify information before recording reasons for reopening. Consequently, the reassessment proceedings were quashed, making the addition of Rs. 70,000 under section 69 moot. The assessee's appeal was allowed, and the reassessment proceedings were set aside. Case-Laws Income Tax Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211397