https://www.taxtmi.com/caselaws?id=196413 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of Rs. 34,10,713/- as unexplained investment under section 69A. The Tribunal found the reopening of the case and subsequent assessment order invalid due to improper reference to the AVO, the invalid basis for reopening the assessment, and the AO's failure to address objections before proceeding with the assessment. Therefore, the appeal by the Revenue was dismissed. en-us Mon, 26 Dec 2016 00:00:00 +0530 Wed, 29 Nov 2017 21:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196413 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of Rs. 34,10,713/- as unexplained investment under section 69A. The Tribunal found the reopening of the case and subsequent assessment order invalid due to improper reference to the AVO, the invalid basis for reopening the assessment, and the AO's failure to address objections before proceeding with the assessment. Therefore, the appeal by the Revenue was dismissed. Case-Laws Income Tax Mon, 26 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196413