https://www.taxtmi.com/caselaws?id=352200 The Tribunal dismissed the Revenue's appeals for the assessment years 2004-05, 2005-06, and 2006-07. It upheld the CIT (A)'s orders quashing the reopening of assessment under Section 148 and deleting the additions made on account of alleged underbilling and undisclosed income. The Tribunal emphasized the lack of evidence linking the assessee to the transactions noted in the survey documents and the failure of the AO to independently verify the information received from ITO Jhansi. en-us Tue, 05 Dec 2017 00:00:00 +0530 Sat, 09 Dec 2017 08:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352200 The Tribunal dismissed the Revenue's appeals for the assessment years 2004-05, 2005-06, and 2006-07. It upheld the CIT (A)'s orders quashing the reopening of assessment under Section 148 and deleting the additions made on account of alleged underbilling and undisclosed income. The Tribunal emphasized the lack of evidence linking the assessee to the transactions noted in the survey documents and the failure of the AO to independently verify the information received from ITO Jhansi. Case-Laws Income Tax Tue, 05 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352200