https://www.taxtmi.com/caselaws?id=402464 The Tribunal allowed the appeals filed by the assessee, canceling the assessment order, impugned orders, and penalty proceedings. The Tribunal found various procedural and jurisdictional issues, including improper service of notice under section 148, lack of company existence during assessment, and mechanical approval under section 151. The addition of income under section 68 based on Form 26AS information was deemed unjustified. The Tribunal also noted the Assessing Officer's failure to provide the benefit of TDS after taxing the income. Ultimately, the Tribunal ruled in favor of the assessee, deleting the addition in dispute and penalties imposed. en-us Thu, 31 Dec 2020 00:00:00 +0530 Fri, 01 Jan 2021 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402464 The Tribunal allowed the appeals filed by the assessee, canceling the assessment order, impugned orders, and penalty proceedings. The Tribunal found various procedural and jurisdictional issues, including improper service of notice under section 148, lack of company existence during assessment, and mechanical approval under section 151. The addition of income under section 68 based on Form 26AS information was deemed unjustified. The Tribunal also noted the Assessing Officer's failure to provide the benefit of TDS after taxing the income. Ultimately, the Tribunal ruled in favor of the assessee, deleting the addition in dispute and penalties imposed. Case-Laws Income Tax Thu, 31 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402464