https://www.taxtmi.com/caselaws?id=284659 The Tribunal quashed the reopening of the assessment under Section 148 as the Assessing Officer failed to verify information and acted on suspicion rather than belief. Consequently, all additions made on the merits regarding long-term capital gains were deleted, following the precedent set by the ITAT, Agra Bench. The appeal of the assessee was allowed. en-us Thu, 02 May 2019 00:00:00 +0530 Mon, 02 Dec 2019 11:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284659 The Tribunal quashed the reopening of the assessment under Section 148 as the Assessing Officer failed to verify information and acted on suspicion rather than belief. Consequently, all additions made on the merits regarding long-term capital gains were deleted, following the precedent set by the ITAT, Agra Bench. The appeal of the assessee was allowed. Case-Laws Income Tax Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284659