https://www.taxtmi.com/caselaws?id=262736 The Tribunal held that the reassessment under Section 148 of the Income Tax Act was invalid as it lacked tangible material and independent verification. The additions of Rs. 2,14,27,400 were deemed arbitrary and unsupported by evidence, with procedural errors noted in the AO's actions. Consequently, the Tribunal ordered the deletion of the additions and upheld the assessee's contentions, allowing the appeal. en-us Fri, 14 Aug 2015 00:00:00 +0530 Wed, 14 Oct 2015 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262736 The Tribunal held that the reassessment under Section 148 of the Income Tax Act was invalid as it lacked tangible material and independent verification. The additions of Rs. 2,14,27,400 were deemed arbitrary and unsupported by evidence, with procedural errors noted in the AO's actions. Consequently, the Tribunal ordered the deletion of the additions and upheld the assessee's contentions, allowing the appeal. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262736