https://www.taxtmi.com/caselaws?id=368177 The Tribunal held that the reopening of the assessment under Section 147 read with Section 143(3) of the Income-tax Act, 1961 was invalid due to the lack of independent application of mind by the Assessing Officer (AO) and reliance on borrowed reasons. Consequently, the appeal was allowed, and the reopening of the assessment was quashed. The merits of the addition of Rs. 10,93,580/- were not addressed due to the invalidity of the reopening. en-us Fri, 07 Sep 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368177 The Tribunal held that the reopening of the assessment under Section 147 read with Section 143(3) of the Income-tax Act, 1961 was invalid due to the lack of independent application of mind by the Assessing Officer (AO) and reliance on borrowed reasons. Consequently, the appeal was allowed, and the reopening of the assessment was quashed. The merits of the addition of Rs. 10,93,580/- were not addressed due to the invalidity of the reopening. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368177