https://www.taxtmi.com/caselaws?id=192336 The tribunal quashed the assessment proceedings under Sections 147/148 of the Income Tax Act due to the lack of a live link between the reasons recorded by the AO and the addition made. The tribunal found that the AO's assessment was bad in law and cited relevant case law to support its decision. Consequently, the other issues raised by the assessee, including the sustenance of unexplained income under Section 68 and denial of exemption under Section 54F, were not addressed as the proceedings under Section 148 were quashed. en-us Wed, 12 Oct 2011 00:00:00 +0530 Mon, 18 Sep 2017 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192336 The tribunal quashed the assessment proceedings under Sections 147/148 of the Income Tax Act due to the lack of a live link between the reasons recorded by the AO and the addition made. The tribunal found that the AO's assessment was bad in law and cited relevant case law to support its decision. Consequently, the other issues raised by the assessee, including the sustenance of unexplained income under Section 68 and denial of exemption under Section 54F, were not addressed as the proceedings under Section 148 were quashed. Case-Laws Income Tax Wed, 12 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192336