https://www.taxtmi.com/caselaws?id=394620 The Tribunal set aside the assessment order for the assessment year 2009-10, directing the Assessing Officer to dispose of objections against the reasons for reopening by a separate speaking order and provide the assessee with sufficient opportunity. The reassessment order was deemed invalid due to failure to address objections properly. The addition of share premium money was overturned for lack of proper verification and adherence to natural justice principles. The Tribunal also noted violations of natural justice and perversity in the CIT(A)'s order. Interest and penalty proceedings were not addressed due to the assessment being set aside. en-us Wed, 05 Feb 2020 00:00:00 +0530 Sat, 18 Apr 2020 15:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394620 The Tribunal set aside the assessment order for the assessment year 2009-10, directing the Assessing Officer to dispose of objections against the reasons for reopening by a separate speaking order and provide the assessee with sufficient opportunity. The reassessment order was deemed invalid due to failure to address objections properly. The addition of share premium money was overturned for lack of proper verification and adherence to natural justice principles. The Tribunal also noted violations of natural justice and perversity in the CIT(A)'s order. Interest and penalty proceedings were not addressed due to the assessment being set aside. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394620