https://www.taxtmi.com/caselaws?id=360174 The Tribunal found the re-opening of assessment to be legally invalid as no additions were made by the Assessing Officer regarding the transactions prompting reassessment. Relying on precedent, all additions in the reassessment were deemed invalid and ordered to be deleted. The Tribunal quashed the assessment order, setting aside the CIT(A)'s decision, and allowed the appeal by the assessee. The order was pronounced on 1.5.2018. en-us Tue, 01 May 2018 00:00:00 +0530 Fri, 11 May 2018 08:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360174 The Tribunal found the re-opening of assessment to be legally invalid as no additions were made by the Assessing Officer regarding the transactions prompting reassessment. Relying on precedent, all additions in the reassessment were deemed invalid and ordered to be deleted. The Tribunal quashed the assessment order, setting aside the CIT(A)'s decision, and allowed the appeal by the assessee. The order was pronounced on 1.5.2018. Case-Laws Income Tax Tue, 01 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360174