https://www.taxtmi.com/caselaws?id=268484 The Tribunal allowed the Revenue's appeal, overturning the CIT(A)'s decision to quash the assessment order under sections 148/143(3) of the IT Act 1961. The Tribunal found the reopening of assessment based on material to be valid. Additionally, the Tribunal directed the matter of deletion of the addition of unexplained investment back to the AO for a fresh decision due to ambiguity in the questionnaire. The Tribunal stressed the necessity of providing reasoned orders and ensuring a fair opportunity for the assessee to present their case. en-us Mon, 31 Aug 2015 00:00:00 +0530 Fri, 27 Nov 2015 10:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268484 The Tribunal allowed the Revenue's appeal, overturning the CIT(A)'s decision to quash the assessment order under sections 148/143(3) of the IT Act 1961. The Tribunal found the reopening of assessment based on material to be valid. Additionally, the Tribunal directed the matter of deletion of the addition of unexplained investment back to the AO for a fresh decision due to ambiguity in the questionnaire. The Tribunal stressed the necessity of providing reasoned orders and ensuring a fair opportunity for the assessee to present their case. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268484