https://www.taxtmi.com/caselaws?id=404217 The Tribunal quashed the re-assessment proceedings for both assessment years, ruling that the initiation of re-assessment and the sanction granted were invalid due to non-application of mind and reliance on incorrect facts. All additions made by the A.O. were deleted, and the appeals of the assessee were allowed. en-us Mon, 01 Feb 2021 00:00:00 +0530 Sat, 03 Apr 2021 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404217 The Tribunal quashed the re-assessment proceedings for both assessment years, ruling that the initiation of re-assessment and the sanction granted were invalid due to non-application of mind and reliance on incorrect facts. All additions made by the A.O. were deleted, and the appeals of the assessee were allowed. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404217