https://www.taxtmi.com/caselaws?id=189796 The Tribunal annulled the assessment due to the invalid reopening under section 148 of the IT Act, finding the AO's reasons insufficient to establish income evasion. Consequently, the addition of Rs. 4,32,331 as unexplained cash credit under section 68 was not addressed. The Tribunal concluded that the initiation of proceedings lacked jurisdiction, rendering the assessment null and void. en-us Fri, 14 Mar 2008 00:00:00 +0530 Fri, 20 Jan 2017 17:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189796 The Tribunal annulled the assessment due to the invalid reopening under section 148 of the IT Act, finding the AO's reasons insufficient to establish income evasion. Consequently, the addition of Rs. 4,32,331 as unexplained cash credit under section 68 was not addressed. The Tribunal concluded that the initiation of proceedings lacked jurisdiction, rendering the assessment null and void. Case-Laws Income Tax Fri, 14 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189796