https://www.taxtmi.com/caselaws?id=390033 The Tribunal partly allowed the Assessee's appeal by quashing the reassessment proceedings due to the invalid notice u/s. 148. The decision was based on the lack of proper satisfaction and mechanical approval, as highlighted in the relevant case laws and precedents cited during the proceedings. The Tribunal did not extensively discuss the addition of Rs. 5 lacs as unexplained cash credit u/s. 68 of the Act, as the primary focus was on the notice's validity. The issue of the admissibility of the additional ground of appeal was not elaborately addressed, and other grounds raised by the Assessee were dismissed for not being pursued during the hearing. en-us Thu, 19 Dec 2019 00:00:00 +0530 Sun, 22 Dec 2019 07:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390033 The Tribunal partly allowed the Assessee's appeal by quashing the reassessment proceedings due to the invalid notice u/s. 148. The decision was based on the lack of proper satisfaction and mechanical approval, as highlighted in the relevant case laws and precedents cited during the proceedings. The Tribunal did not extensively discuss the addition of Rs. 5 lacs as unexplained cash credit u/s. 68 of the Act, as the primary focus was on the notice's validity. The issue of the admissibility of the additional ground of appeal was not elaborately addressed, and other grounds raised by the Assessee were dismissed for not being pursued during the hearing. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390033