https://www.taxtmi.com/caselaws?id=384366 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. The AO's failure to independently verify information and the improper rejection of the assessee's evidence were key factors in the Tribunal's judgment. The Tribunal emphasized the necessity of independent application of mind by the AO in reopening assessments and the requirement for proper inquiries to substantiate additions under Section 68. en-us Fri, 26 Jul 2019 00:00:00 +0530 Fri, 09 Aug 2019 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384366 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. The AO's failure to independently verify information and the improper rejection of the assessee's evidence were key factors in the Tribunal's judgment. The Tribunal emphasized the necessity of independent application of mind by the AO in reopening assessments and the requirement for proper inquiries to substantiate additions under Section 68. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384366