https://www.taxtmi.com/caselaws?id=404442 The Tribunal allowed the appeal, quashing the reopening of the assessment under section 148 and deleting the addition of Rs. 18,78,400 under section 69A. The Tribunal emphasized the necessity for proper verification and application of mind by the Assessing Officer before initiating reassessment proceedings and making additions based on incorrect or unverified information. en-us Fri, 08 Jan 2021 00:00:00 +0530 Wed, 24 Feb 2021 09:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404442 The Tribunal allowed the appeal, quashing the reopening of the assessment under section 148 and deleting the addition of Rs. 18,78,400 under section 69A. The Tribunal emphasized the necessity for proper verification and application of mind by the Assessing Officer before initiating reassessment proceedings and making additions based on incorrect or unverified information. Case-Laws Income Tax Fri, 08 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404442