https://www.taxtmi.com/caselaws?id=340974 The Tribunal allowed the appeal, setting aside the orders of the CIT(A) and the Assessing Officer. It found that the notice issued under section 148 of the Income Tax Act was invalid as there was a mistaken identity regarding a loan taken by a firm, not the appellant personally. Consequently, the additions of undisclosed income and interest charges were also set aside due to the lack of a valid basis for reopening the assessment. en-us Fri, 10 Mar 2017 00:00:00 +0530 Thu, 30 Mar 2017 07:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340974 The Tribunal allowed the appeal, setting aside the orders of the CIT(A) and the Assessing Officer. It found that the notice issued under section 148 of the Income Tax Act was invalid as there was a mistaken identity regarding a loan taken by a firm, not the appellant personally. Consequently, the additions of undisclosed income and interest charges were also set aside due to the lack of a valid basis for reopening the assessment. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340974