https://www.taxtmi.com/caselaws?id=361318 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated under Section 148 due to lack of proper application of mind and mechanical approval. The addition of Rs. 40,80,000 under Section 68 was not addressed on merits as the reassessment was deemed invalid. en-us Thu, 01 Mar 2018 00:00:00 +0530 Tue, 05 Jun 2018 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361318 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated under Section 148 due to lack of proper application of mind and mechanical approval. The addition of Rs. 40,80,000 under Section 68 was not addressed on merits as the reassessment was deemed invalid. Case-Laws Income Tax Thu, 01 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361318