https://www.taxtmi.com/caselaws?id=384038 The Tribunal quashed the assessment orders for both assessment years 2009-10 and 2010-11, as the reasons recorded by the Assessing Officer were found to be invalid for reopening the assessment. The Tribunal determined that the reasons lacked proper application of mind and were based on incorrect assumptions. Consequently, all other issues regarding the validity of the notice, explanation of cash deposits, principles of natural justice, and interest levy were not addressed as the assessment orders were annulled. Both appeals were allowed in favor of the assessee. en-us Fri, 22 Mar 2019 00:00:00 +0530 Sat, 03 Aug 2019 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384038 The Tribunal quashed the assessment orders for both assessment years 2009-10 and 2010-11, as the reasons recorded by the Assessing Officer were found to be invalid for reopening the assessment. The Tribunal determined that the reasons lacked proper application of mind and were based on incorrect assumptions. Consequently, all other issues regarding the validity of the notice, explanation of cash deposits, principles of natural justice, and interest levy were not addressed as the assessment orders were annulled. Both appeals were allowed in favor of the assessee. Case-Laws Income Tax Fri, 22 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384038