https://www.taxtmi.com/caselaws?id=352591 The Tribunal quashed the reassessment order, deeming the initiation under Sections 147/148 illegal. It found the CIT(A)'s enhancement improper, lacking evidence, and relying on flawed seized material. The substantive addition of undisclosed cash investment was unsupported, with contradictory statements and no conclusive link to the assessee. Procedural fairness concerns were noted, emphasizing the right to cross-examine witnesses and proper inquiry authority. The appeal was allowed in favor of the assessee due to these deficiencies in the assessment process. en-us Wed, 13 Dec 2017 00:00:00 +0530 Mon, 18 Dec 2017 08:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352591 The Tribunal quashed the reassessment order, deeming the initiation under Sections 147/148 illegal. It found the CIT(A)'s enhancement improper, lacking evidence, and relying on flawed seized material. The substantive addition of undisclosed cash investment was unsupported, with contradictory statements and no conclusive link to the assessee. Procedural fairness concerns were noted, emphasizing the right to cross-examine witnesses and proper inquiry authority. The appeal was allowed in favor of the assessee due to these deficiencies in the assessment process. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352591