https://www.taxtmi.com/caselaws?id=283083 The Tribunal found the reassessment proceedings invalid due to the Assessing Officer's failure to provide specific and valid reasons for reopening the assessment under sections 147 to 151 of the Income Tax Act, 1961. Consequently, the additions made by the AO, including unexplained credit and commission income, were not upheld. The Tribunal allowed the assessee's appeals, declaring the reassessment proceedings for the relevant assessment years invalid. en-us Wed, 19 Oct 2016 00:00:00 +0530 Fri, 06 Sep 2019 13:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283083 The Tribunal found the reassessment proceedings invalid due to the Assessing Officer's failure to provide specific and valid reasons for reopening the assessment under sections 147 to 151 of the Income Tax Act, 1961. Consequently, the additions made by the AO, including unexplained credit and commission income, were not upheld. The Tribunal allowed the assessee's appeals, declaring the reassessment proceedings for the relevant assessment years invalid. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283083