https://www.taxtmi.com/caselaws?id=398152 The tribunal quashed the reopening of the assessment under section 147/148 of the Income Tax Act, 1961, due to incorrect facts and lack of proper application of mind by the Assessing Officer. Consequently, the additions made on account of gifts were also rendered void. The appeal of the assessee was allowed. en-us Fri, 28 Feb 2020 00:00:00 +0530 Tue, 08 Sep 2020 10:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398152 The tribunal quashed the reopening of the assessment under section 147/148 of the Income Tax Act, 1961, due to incorrect facts and lack of proper application of mind by the Assessing Officer. Consequently, the additions made on account of gifts were also rendered void. The appeal of the assessee was allowed. Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398152