https://www.taxtmi.com/caselaws?id=188472 The ITAT allowed the appeal of the assessee, holding the assessment order as void-ab-initio due to the lack of application of mind by the Assessing Officer in reassessment proceedings. The ITAT also found the reassessment proceedings under Section 147 of the Income Tax Act to be void-ab-initio for the same reason. Consequently, the addition of Rs. 20 lakhs under Section 68 of the Income Tax Act was deemed irrelevant. The ITAT's decision was based on the Assessing Officer's mechanical approach, leading to the quashing of the reassessment proceedings and allowing the appeal. en-us Tue, 16 Aug 2016 00:00:00 +0530 Fri, 02 Dec 2016 10:55:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188472 The ITAT allowed the appeal of the assessee, holding the assessment order as void-ab-initio due to the lack of application of mind by the Assessing Officer in reassessment proceedings. The ITAT also found the reassessment proceedings under Section 147 of the Income Tax Act to be void-ab-initio for the same reason. Consequently, the addition of Rs. 20 lakhs under Section 68 of the Income Tax Act was deemed irrelevant. The ITAT's decision was based on the Assessing Officer's mechanical approach, leading to the quashing of the reassessment proceedings and allowing the appeal. Case-Laws Income Tax Tue, 16 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188472