https://www.taxtmi.com/caselaws?id=392592 The Tribunal quashed the reassessment proceedings under Section 147 of the Income Tax Act, finding that the Assessing Officer (AO) and Additional Commissioner of Income Tax (Addl. CIT) had acted mechanically without independent application of mind. The approval for reopening was deemed invalid due to lack of proper satisfaction and detailed consideration. As a result, the reassessment was declared void ab initio, and the appeal was partly allowed in favor of the assessee. en-us Thu, 20 Feb 2020 00:00:00 +0530 Mon, 24 Feb 2020 09:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392592 The Tribunal quashed the reassessment proceedings under Section 147 of the Income Tax Act, finding that the Assessing Officer (AO) and Additional Commissioner of Income Tax (Addl. CIT) had acted mechanically without independent application of mind. The approval for reopening was deemed invalid due to lack of proper satisfaction and detailed consideration. As a result, the reassessment was declared void ab initio, and the appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392592