https://www.taxtmi.com/caselaws?id=399582 The Tribunal allowed the assessee's appeals challenging the validity of assessments made by the Assessing Officer for A.Y. 2006-07 and A.Y. 2009-10 under section 143(3) r.w.s. 147. The Assessing Officer had reopened the assessments and made additions under section 68 of the Income Tax Act, 1961. The ld. CIT(A) upheld the assessments but granted partial relief on the additions. The Tribunal held that since no additions were made based on the reasons for reopening, the Assessing Officer could not independently make additions under section 68. Consequently, the assessments for both years were cancelled, and the appeals were allowed. en-us Mon, 21 Sep 2020 00:00:00 +0530 Wed, 14 Oct 2020 12:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399582 The Tribunal allowed the assessee's appeals challenging the validity of assessments made by the Assessing Officer for A.Y. 2006-07 and A.Y. 2009-10 under section 143(3) r.w.s. 147. The Assessing Officer had reopened the assessments and made additions under section 68 of the Income Tax Act, 1961. The ld. CIT(A) upheld the assessments but granted partial relief on the additions. The Tribunal held that since no additions were made based on the reasons for reopening, the Assessing Officer could not independently make additions under section 68. Consequently, the assessments for both years were cancelled, and the appeals were allowed. Case-Laws Income Tax Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399582