https://www.taxtmi.com/caselaws?id=373689 The Tribunal quashed the reassessment orders, finding them invalid under section 147 of the Income Tax Act due to insufficient material and lack of statutory compliance. Additionally, the addition of income based on client code modification transactions was deemed unjustified, lacking concrete evidence and relying on mere suspicion. As a result, the appeals were allowed, and the reassessment orders were annulled. en-us Wed, 16 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 08:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373689 The Tribunal quashed the reassessment orders, finding them invalid under section 147 of the Income Tax Act due to insufficient material and lack of statutory compliance. Additionally, the addition of income based on client code modification transactions was deemed unjustified, lacking concrete evidence and relying on mere suspicion. As a result, the appeals were allowed, and the reassessment orders were annulled. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373689