https://www.taxtmi.com/caselaws?id=294070 The Tribunal quashed the reassessment proceedings for both assessment years (2006-07 and 2009-10) as the Assessing Officer failed to apply his mind independently and relied on vague and unsubstantiated information from the Investigation Wing. The Assessee's appeals were allowed, and other issues, such as the addition of share application money and estimated commission under Section 68, were not addressed in detail due to the jurisdictional grounds leading to the quashing of the reassessment proceedings. en-us Wed, 14 Sep 2016 00:00:00 +0530 Fri, 19 Mar 2021 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294070 The Tribunal quashed the reassessment proceedings for both assessment years (2006-07 and 2009-10) as the Assessing Officer failed to apply his mind independently and relied on vague and unsubstantiated information from the Investigation Wing. The Assessee's appeals were allowed, and other issues, such as the addition of share application money and estimated commission under Section 68, were not addressed in detail due to the jurisdictional grounds leading to the quashing of the reassessment proceedings. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294070