https://www.taxtmi.com/caselaws?id=388613 The Tribunal quashed the reopening of the assessment under section 147/148 of the Income Tax Act, 1961, due to the Assessing Officer's failure to independently verify information and the mechanical approval granted by the Principal Commissioner of Income Tax. Consequently, all additions made by the Assessing Officer, including Rs. 11.05 crores under section 68 and Rs. 22,10,000/- on account of commission, were deleted. en-us Thu, 07 Nov 2019 00:00:00 +0530 Tue, 19 Nov 2019 12:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388613 The Tribunal quashed the reopening of the assessment under section 147/148 of the Income Tax Act, 1961, due to the Assessing Officer's failure to independently verify information and the mechanical approval granted by the Principal Commissioner of Income Tax. Consequently, all additions made by the Assessing Officer, including Rs. 11.05 crores under section 68 and Rs. 22,10,000/- on account of commission, were deleted. Case-Laws Income Tax Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388613