https://www.taxtmi.com/caselaws?id=355439 The tribunal allowed the appeal, setting aside the orders of the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) (CIT(A)). It directed the AO to accept the credits as genuine and concluded that the reopening of the assessment under section 147 was bad in law. The tribunal emphasized the importance of proper communication of reasons for reopening and the necessity of conducting thorough enquiries before making additions. Ultimately, the appeal was allowed in favor of the assessee. en-us Fri, 12 Jan 2018 00:00:00 +0530 Tue, 13 Feb 2018 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355439 The tribunal allowed the appeal, setting aside the orders of the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) (CIT(A)). It directed the AO to accept the credits as genuine and concluded that the reopening of the assessment under section 147 was bad in law. The tribunal emphasized the importance of proper communication of reasons for reopening and the necessity of conducting thorough enquiries before making additions. Ultimately, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355439