https://www.taxtmi.com/caselaws?id=338164 The Tribunal found in favor of the appellant on all grounds raised in the case. The jurisdiction of the Assessing Officer was deemed incorrect due to discrepancies, leading to the order being declared illegal and bad in law. The estimation of business income on an ad hoc basis was set aside for reassessment based on accurate information. The additions for unexplained investments in car purchases were also overturned, directing a reevaluation with valid evidence. Additionally, the notice u/s 148 for reopening assessment was deemed invalid due to discrepancies in the service process, resulting in the quashing of assessment orders for both years. en-us Mon, 23 Jan 2017 00:00:00 +0530 Mon, 03 Apr 2017 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338164 The Tribunal found in favor of the appellant on all grounds raised in the case. The jurisdiction of the Assessing Officer was deemed incorrect due to discrepancies, leading to the order being declared illegal and bad in law. The estimation of business income on an ad hoc basis was set aside for reassessment based on accurate information. The additions for unexplained investments in car purchases were also overturned, directing a reevaluation with valid evidence. Additionally, the notice u/s 148 for reopening assessment was deemed invalid due to discrepancies in the service process, resulting in the quashing of assessment orders for both years. Case-Laws Income Tax Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338164