https://www.taxtmi.com/caselaws?id=404177 The Tribunal allowed the appeal in favor of the appellant, ruling that the addition of Rs. 2,18,000 lacked legality as it was not supported by the reasons for reassessment. The Tribunal emphasized that if no addition is made based on the grounds mentioned in the reassessment, the reassessment itself becomes invalid. Therefore, the Tribunal deleted the addition of Rs. 2,18,000 made by the Assessing Officer under sections 143(3) and 147 of the Income Tax Act, 1961. en-us Thu, 11 Feb 2021 00:00:00 +0530 Thu, 18 Feb 2021 04:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404177 The Tribunal allowed the appeal in favor of the appellant, ruling that the addition of Rs. 2,18,000 lacked legality as it was not supported by the reasons for reassessment. The Tribunal emphasized that if no addition is made based on the grounds mentioned in the reassessment, the reassessment itself becomes invalid. Therefore, the Tribunal deleted the addition of Rs. 2,18,000 made by the Assessing Officer under sections 143(3) and 147 of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 11 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404177