https://www.taxtmi.com/caselaws?id=273443 The Tribunal dismissed the Revenue's appeal, upholding the Ld. CIT(A)'s decision that the assumption of jurisdiction under Section 147 was invalid and the addition of Rs. 40 lakhs under Section 68 was rightly deleted. The Tribunal emphasized the need for proper recording of reasons for reopening assessments and the importance of allowing cross-examination to uphold principles of natural justice. en-us Thu, 15 Mar 2018 00:00:00 +0530 Wed, 27 Jun 2018 07:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273443 The Tribunal dismissed the Revenue's appeal, upholding the Ld. CIT(A)'s decision that the assumption of jurisdiction under Section 147 was invalid and the addition of Rs. 40 lakhs under Section 68 was rightly deleted. The Tribunal emphasized the need for proper recording of reasons for reopening assessments and the importance of allowing cross-examination to uphold principles of natural justice. Case-Laws Income Tax Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273443