https://www.taxtmi.com/caselaws?id=391106 The Tribunal quashed the reassessment proceedings initiated under sections 147 and 148, citing lack of independent application of mind and reliance solely on information from the Investigation Wing. Consequently, additions of Rs. 38,00,000 under section 68 and Rs. 76,000 as commission were invalidated. The Tribunal allowed the legal ground raised by the assessee, dismissing other grounds as moot. The appeal filed by the assessee was partly allowed. en-us Tue, 07 Jan 2020 00:00:00 +0530 Mon, 20 Jan 2020 08:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391106 The Tribunal quashed the reassessment proceedings initiated under sections 147 and 148, citing lack of independent application of mind and reliance solely on information from the Investigation Wing. Consequently, additions of Rs. 38,00,000 under section 68 and Rs. 76,000 as commission were invalidated. The Tribunal allowed the legal ground raised by the assessee, dismissing other grounds as moot. The appeal filed by the assessee was partly allowed. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391106