https://www.taxtmi.com/caselaws?id=178307 The Tribunal ruled in favor of the assessee, quashing the additions of unexplained receipts of share application money and share premium, along with commission payment. The Tribunal also declared the notice for reopening assessment as invalid due to non-compliance with the approval requirement under section 151(2). The assessment orders were quashed, dismissing the Revenue's appeal and allowing the assessee's Cross Objection. The judgment emphasized the significance of adhering to statutory requirements in assessment procedures. en-us Tue, 30 Sep 2014 00:00:00 +0530 Tue, 02 Feb 2016 10:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178307 The Tribunal ruled in favor of the assessee, quashing the additions of unexplained receipts of share application money and share premium, along with commission payment. The Tribunal also declared the notice for reopening assessment as invalid due to non-compliance with the approval requirement under section 151(2). The assessment orders were quashed, dismissing the Revenue's appeal and allowing the assessee's Cross Objection. The judgment emphasized the significance of adhering to statutory requirements in assessment procedures. Case-Laws Income Tax Tue, 30 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178307