https://www.taxtmi.com/caselaws?id=350053 The Tribunal invalidated the notice issued under Section 148 of the Income Tax Act, 1961, due to lack of independent verification by the Assessing Officer (AO) and mechanical approval. The addition of Rs. 20,00,000 as unexplained income and Rs. 40,000 as alleged commission was deemed unjustified as the assessee provided sufficient documentation and the reasons for additions lacked independent examination. The Tribunal quashed the reopening proceedings, leading to the dismissal of the additions and allowing the assessee's appeal. en-us Tue, 24 Oct 2017 00:00:00 +0530 Mon, 30 Oct 2017 08:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350053 The Tribunal invalidated the notice issued under Section 148 of the Income Tax Act, 1961, due to lack of independent verification by the Assessing Officer (AO) and mechanical approval. The addition of Rs. 20,00,000 as unexplained income and Rs. 40,000 as alleged commission was deemed unjustified as the assessee provided sufficient documentation and the reasons for additions lacked independent examination. The Tribunal quashed the reopening proceedings, leading to the dismissal of the additions and allowing the assessee's appeal. Case-Laws Income Tax Tue, 24 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350053