https://www.taxtmi.com/caselaws?id=291839 The Tribunal set aside the reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961, as the Assessing Officer lacked sufficient grounds for reopening the assessment. Consequently, the consequential assessment order was also invalidated. The confirmation of addition under Section 68 was not addressed due to the legal grounds for setting aside the reassessment. The request to amend grounds of appeal was dismissed as redundant. The reassessment proceedings in all four appeals were deemed invalid, leading to a partial allowance of the appeals. en-us Tue, 04 Feb 2020 00:00:00 +0530 Thu, 26 Nov 2020 09:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291839 The Tribunal set aside the reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961, as the Assessing Officer lacked sufficient grounds for reopening the assessment. Consequently, the consequential assessment order was also invalidated. The confirmation of addition under Section 68 was not addressed due to the legal grounds for setting aside the reassessment. The request to amend grounds of appeal was dismissed as redundant. The reassessment proceedings in all four appeals were deemed invalid, leading to a partial allowance of the appeals. Case-Laws Income Tax Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291839