https://www.taxtmi.com/caselaws?id=398219 The Tribunal quashed the reassessment proceedings initiated under section 147 r.w.s 148 of the Income Tax Act, holding that the Assessing Officer (A.O.) acted on borrowed satisfaction without independent verification and denied the assessee the opportunity to cross-examine persons whose statements were relied upon. Consequently, the additions made by the A.O. were also quashed. The appeals for the assessment years 2011-12, 2012-13, and 2013-14 were allowed in favor of the assessee. en-us Fri, 19 Jun 2020 00:00:00 +0530 Tue, 22 Sep 2020 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398219 The Tribunal quashed the reassessment proceedings initiated under section 147 r.w.s 148 of the Income Tax Act, holding that the Assessing Officer (A.O.) acted on borrowed satisfaction without independent verification and denied the assessee the opportunity to cross-examine persons whose statements were relied upon. Consequently, the additions made by the A.O. were also quashed. The appeals for the assessment years 2011-12, 2012-13, and 2013-14 were allowed in favor of the assessee. Case-Laws Income Tax Fri, 19 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398219