https://www.taxtmi.com/caselaws?id=358281 The Tribunal ruled in favor of the assessee, finding that the Assessing Officer had valid reasons to reopen the assessment under Section 148 of the Income Tax Act based on information indicating income escapement. However, the Tribunal held that the AO exceeded his jurisdiction by making additional inquiries unrelated to the initial reason for reopening, leading to the addition under Section 68 being deemed invalid. The reassessment proceedings were invalidated beyond the original reason for reopening, and the revenue's appeal was dismissed. en-us Wed, 04 Apr 2018 00:00:00 +0530 Thu, 15 Nov 2018 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358281 The Tribunal ruled in favor of the assessee, finding that the Assessing Officer had valid reasons to reopen the assessment under Section 148 of the Income Tax Act based on information indicating income escapement. However, the Tribunal held that the AO exceeded his jurisdiction by making additional inquiries unrelated to the initial reason for reopening, leading to the addition under Section 68 being deemed invalid. The reassessment proceedings were invalidated beyond the original reason for reopening, and the revenue's appeal was dismissed. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358281