https://www.taxtmi.com/caselaws?id=401546 The Tribunal quashed the reopening of the assessment under section 147/148 of the I.T. Act, 1961, due to incorrect and non-existing reasons recorded by the Assessing Officer. Consequently, all additions made by the A.O., including the addition of income from various sources, were deleted, and the appeal of the assessee was allowed. en-us Mon, 07 Dec 2020 00:00:00 +0530 Wed, 03 Feb 2021 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401546 The Tribunal quashed the reopening of the assessment under section 147/148 of the I.T. Act, 1961, due to incorrect and non-existing reasons recorded by the Assessing Officer. Consequently, all additions made by the A.O., including the addition of income from various sources, were deleted, and the appeal of the assessee was allowed. Case-Laws Income Tax Mon, 07 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401546