https://www.taxtmi.com/caselaws?id=361866 The tribunal quashed the reopening of the assessment under Section 147 due to the mechanical approval by the Principal Commissioner of Income Tax without proper application of mind. Consequently, the addition of Rs. 15,00,000 as unexplained cash credit under Section 68 was also quashed. The appeal of the assessee was allowed. en-us Wed, 13 Jun 2018 00:00:00 +0530 Thu, 14 Jun 2018 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361866 The tribunal quashed the reopening of the assessment under Section 147 due to the mechanical approval by the Principal Commissioner of Income Tax without proper application of mind. Consequently, the addition of Rs. 15,00,000 as unexplained cash credit under Section 68 was also quashed. The appeal of the assessee was allowed. Case-Laws Income Tax Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361866