https://www.taxtmi.com/caselaws?id=395633 The Tribunal ruled in favor of the assessee, concluding that the reopening of the assessment under Section 147 was invalid due to the AO's non-application of mind and improper jurisdiction in issuing the Section 148 notice. The Tribunal also found the addition under Section 68 unjustified, as the AO did not substantiate the alleged income. The assessee's appeal was allowed, invalidating the assessment and deleting the addition. en-us Fri, 29 May 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395633 The Tribunal ruled in favor of the assessee, concluding that the reopening of the assessment under Section 147 was invalid due to the AO's non-application of mind and improper jurisdiction in issuing the Section 148 notice. The Tribunal also found the addition under Section 68 unjustified, as the AO did not substantiate the alleged income. The assessee's appeal was allowed, invalidating the assessment and deleting the addition. Case-Laws Income Tax Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395633