https://www.taxtmi.com/caselaws?id=377957 The ITAT allowed the appeal, concluding that the addition of Rs. 3,59,70,275/- under Section 68 was not justified. The reassessment proceedings were deemed invalid due to lack of tangible material and mechanical approval. The ITAT invalidated the addition and upheld the appeal, pronouncing judgment on 03rd January 2019. en-us Thu, 03 Jan 2019 00:00:00 +0530 Fri, 05 Apr 2019 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377957 The ITAT allowed the appeal, concluding that the addition of Rs. 3,59,70,275/- under Section 68 was not justified. The reassessment proceedings were deemed invalid due to lack of tangible material and mechanical approval. The ITAT invalidated the addition and upheld the appeal, pronouncing judgment on 03rd January 2019. Case-Laws Income Tax Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377957