https://www.taxtmi.com/caselaws?id=188929 The ITAT Delhi ruled in favor of the appellant, quashing the reassessment proceedings due to the invalid reopening of the assessment by the AO. The tribunal emphasized the importance of the AO applying his mind independently before concluding income escapement, as per legal requirements. The issues related to the additions of share application money and commission were not addressed substantively, as the primary focus was on the jurisdictional aspect of the case. en-us Tue, 30 Aug 2016 00:00:00 +0530 Wed, 21 Dec 2016 07:29:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188929 The ITAT Delhi ruled in favor of the appellant, quashing the reassessment proceedings due to the invalid reopening of the assessment by the AO. The tribunal emphasized the importance of the AO applying his mind independently before concluding income escapement, as per legal requirements. The issues related to the additions of share application money and commission were not addressed substantively, as the primary focus was on the jurisdictional aspect of the case. Case-Laws Income Tax Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188929