https://www.taxtmi.com/caselaws?id=377604 The Tribunal quashed the reassessment proceedings as they were initiated without rejecting the books of accounts and solely based on the DVO's report. Consequently, the additions made in the reassessment were invalidated. The appeals filed by the revenue were dismissed as infructuous, while the appeals filed by the assessee were allowed. The stay applications filed by the assessee were also dismissed as infructuous. en-us Wed, 27 Mar 2019 00:00:00 +0530 Sat, 30 Mar 2019 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377604 The Tribunal quashed the reassessment proceedings as they were initiated without rejecting the books of accounts and solely based on the DVO's report. Consequently, the additions made in the reassessment were invalidated. The appeals filed by the revenue were dismissed as infructuous, while the appeals filed by the assessee were allowed. The stay applications filed by the assessee were also dismissed as infructuous. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377604