https://www.taxtmi.com/caselaws?id=371802 The Tribunal quashed the reassessment proceedings initiated under section 147, as they were found to lack jurisdiction and were based on assumptions rather than tangible and relevant material. Consequently, the additions under sections 68 and 234B, as well as the evaluation of documentary evidence, became academic and were not adjudicated. The appeal filed by the assessee was allowed. en-us Thu, 29 Nov 2018 00:00:00 +0530 Tue, 11 Dec 2018 06:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371802 The Tribunal quashed the reassessment proceedings initiated under section 147, as they were found to lack jurisdiction and were based on assumptions rather than tangible and relevant material. Consequently, the additions under sections 68 and 234B, as well as the evaluation of documentary evidence, became academic and were not adjudicated. The appeal filed by the assessee was allowed. Case-Laws Income Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371802