https://www.taxtmi.com/caselaws?id=282506 The Tribunal quashed the addition of US $ 62,000 in business income, ruling the reopening of assessment lacked substantial evidence and independent inquiry, allowing the assessee's appeal. The Tribunal also upheld the appeal regarding interest charges under Sections 234A and 234B due to the consequential nature of the issue, pronouncing the order in favor of the assessee on March 9, 2018. en-us Fri, 09 Mar 2018 00:00:00 +0530 Sat, 10 Aug 2019 07:06:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282506 The Tribunal quashed the addition of US $ 62,000 in business income, ruling the reopening of assessment lacked substantial evidence and independent inquiry, allowing the assessee's appeal. The Tribunal also upheld the appeal regarding interest charges under Sections 234A and 234B due to the consequential nature of the issue, pronouncing the order in favor of the assessee on March 9, 2018. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282506