https://www.taxtmi.com/caselaws?id=190990 The Tribunal held that the reopening of assessment under Section 148 was invalid due to the Assessing Officer's lack of application of mind, quashing the same. Furthermore, the addition of alleged unexplained deposits was deemed unjustified solely based on bank deposits. The appeal was allowed, with the Tribunal emphasizing the necessity for valid reasons and evidence before reopening assessments. en-us Fri, 09 Sep 2016 00:00:00 +0530 Thu, 16 Mar 2017 10:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190990 The Tribunal held that the reopening of assessment under Section 148 was invalid due to the Assessing Officer's lack of application of mind, quashing the same. Furthermore, the addition of alleged unexplained deposits was deemed unjustified solely based on bank deposits. The appeal was allowed, with the Tribunal emphasizing the necessity for valid reasons and evidence before reopening assessments. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190990