https://www.taxtmi.com/caselaws?id=327548 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The reassessment proceedings were deemed invalid as the AO did not apply his mind but acted on the direction of the audit team. The addition made by the AO based on the reopening of assessment under section 147/148 for the assessment year 2004-05 was deleted. Additionally, the deduction of bad debts written off as irrecoverable under Section 36(1)(vii) was allowed, overturning the AO's disallowance of prior period expenses. en-us Wed, 06 Apr 2016 00:00:00 +0530 Fri, 13 May 2016 08:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327548 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The reassessment proceedings were deemed invalid as the AO did not apply his mind but acted on the direction of the audit team. The addition made by the AO based on the reopening of assessment under section 147/148 for the assessment year 2004-05 was deleted. Additionally, the deduction of bad debts written off as irrecoverable under Section 36(1)(vii) was allowed, overturning the AO's disallowance of prior period expenses. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327548