https://www.taxtmi.com/caselaws?id=219155 The Court upheld the Tribunal's decision to delete the addition made under Section 68 of the Income Tax Act in the reassessment proceedings for the assessment year 2002-03. The Court emphasized that the assessing officer failed to conduct a proper enquiry and solely relied on an investigation report without verifying the evidence provided by the appellant. The Court dismissed the appeal, stating that no substantial question of law arose in the case and affirmed the Tribunal's decision based on established legal principles. en-us Thu, 22 Nov 2012 00:00:00 +0530 Wed, 15 Jul 2026 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219155 The Court upheld the Tribunal's decision to delete the addition made under Section 68 of the Income Tax Act in the reassessment proceedings for the assessment year 2002-03. The Court emphasized that the assessing officer failed to conduct a proper enquiry and solely relied on an investigation report without verifying the evidence provided by the appellant. The Court dismissed the appeal, stating that no substantial question of law arose in the case and affirmed the Tribunal's decision based on established legal principles. Case-Laws Income Tax Thu, 22 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219155