https://www.taxtmi.com/caselaws?id=400467 The tribunal invalidated the reassessment proceedings initiated under section 148 of the Income Tax Act, citing lack of specific details or evidence to justify the reopening. It deemed the reassessment void due to insufficient satisfaction by the Assessing Officer and mechanical approval by the Principal Commissioner of Income Tax. Consequently, the tribunal did not address the substantive additions made under sections 68 and 69, allowing the appeal solely on the grounds of procedural irregularities in the reassessment process. en-us Fri, 06 Nov 2020 00:00:00 +0530 Sat, 07 Nov 2020 19:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400467 The tribunal invalidated the reassessment proceedings initiated under section 148 of the Income Tax Act, citing lack of specific details or evidence to justify the reopening. It deemed the reassessment void due to insufficient satisfaction by the Assessing Officer and mechanical approval by the Principal Commissioner of Income Tax. Consequently, the tribunal did not address the substantive additions made under sections 68 and 69, allowing the appeal solely on the grounds of procedural irregularities in the reassessment process. Case-Laws Income Tax Fri, 06 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400467