https://www.taxtmi.com/caselaws?id=388096 The Tribunal ruled in favor of the assessee, setting aside the reassessment order due to the invalidity of the reopening of the assessment. The Tribunal emphasized the importance of proper application of mind and correct factual grounds for initiating reassessment proceedings, highlighting the need for adherence to legal requirements in such cases. The trading addition and rejection of books of account issues became irrelevant following the invalidation of the reassessment. en-us Thu, 10 Oct 2019 00:00:00 +0530 Thu, 07 Nov 2019 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388096 The Tribunal ruled in favor of the assessee, setting aside the reassessment order due to the invalidity of the reopening of the assessment. The Tribunal emphasized the importance of proper application of mind and correct factual grounds for initiating reassessment proceedings, highlighting the need for adherence to legal requirements in such cases. The trading addition and rejection of books of account issues became irrelevant following the invalidation of the reassessment. Case-Laws Income Tax Thu, 10 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388096