https://www.taxtmi.com/caselaws?id=376534 The Tribunal allowed the appeal, quashing the reopening of the assessment under section 147/148 of the I.T. Act, 1961, due to the Assessing Officer's failure to independently apply his mind. As a result, the addition of Rs. 1.90 crores under section 68 was also deleted. The Tribunal found the reasons for reopening the assessment lacked proper verification and were based solely on information from the Investigation Wing, leading to a total non-application of mind by the Assessing Officer. en-us Tue, 12 Feb 2019 00:00:00 +0530 Sat, 09 Mar 2019 20:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376534 The Tribunal allowed the appeal, quashing the reopening of the assessment under section 147/148 of the I.T. Act, 1961, due to the Assessing Officer's failure to independently apply his mind. As a result, the addition of Rs. 1.90 crores under section 68 was also deleted. The Tribunal found the reasons for reopening the assessment lacked proper verification and were based solely on information from the Investigation Wing, leading to a total non-application of mind by the Assessing Officer. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376534