https://www.taxtmi.com/caselaws?id=389933 The Tribunal allowed the Assessee's appeal, quashing the reassessment proceedings due to the mechanical approval given without proper application of mind. The Tribunal found the approval for reopening the assessment to be insufficient and invalid, leading to the appeal being allowed and the reassessment order being quashed. Other issues raised by the Assessee, including the classification of agricultural land as a capital asset and the deduction under Section 54F, were not addressed in detail as the reassessment proceedings were deemed invalid. en-us Fri, 22 Nov 2019 00:00:00 +0530 Thu, 19 Dec 2019 11:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389933 The Tribunal allowed the Assessee's appeal, quashing the reassessment proceedings due to the mechanical approval given without proper application of mind. The Tribunal found the approval for reopening the assessment to be insufficient and invalid, leading to the appeal being allowed and the reassessment order being quashed. Other issues raised by the Assessee, including the classification of agricultural land as a capital asset and the deduction under Section 54F, were not addressed in detail as the reassessment proceedings were deemed invalid. Case-Laws Income Tax Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389933