https://www.taxtmi.com/caselaws?id=342461 The appellant challenged the CIT(A)'s order as arbitrary and illegal, contesting the AO's jurisdiction in making an addition under section 68 without proper hearing. The tribunal ruled in favor of the appellant, emphasizing the lack of jurisdiction due to insufficient evidence supporting the assessment/reassessment under sections 147/148. The tribunal also highlighted the denial of adequate opportunity to present parties/creditors and quashed the addition under section 68. The appeal favored the appellant on legal grounds, addressing jurisdictional deficiencies and procedural fairness in the assessment process, without delving into merit grounds. en-us Wed, 26 Apr 2017 00:00:00 +0530 Fri, 05 May 2017 07:23:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342461 The appellant challenged the CIT(A)'s order as arbitrary and illegal, contesting the AO's jurisdiction in making an addition under section 68 without proper hearing. The tribunal ruled in favor of the appellant, emphasizing the lack of jurisdiction due to insufficient evidence supporting the assessment/reassessment under sections 147/148. The tribunal also highlighted the denial of adequate opportunity to present parties/creditors and quashed the addition under section 68. The appeal favored the appellant on legal grounds, addressing jurisdictional deficiencies and procedural fairness in the assessment process, without delving into merit grounds. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342461