https://www.taxtmi.com/caselaws?id=405400 The Tribunal quashed the reassessment proceedings initiated by the AO due to incorrect reasons and mechanical approval by the Addl. CIT. The appeal was allowed, declaring the proceedings null and void. The reassessment was based on incorrect facts and lacked proper application of mind, leading to its invalidation. The grounds challenging the addition on merit were not addressed as the assessee succeeded on legal grounds. en-us Thu, 18 Mar 2021 00:00:00 +0530 Fri, 19 Mar 2021 09:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405400 The Tribunal quashed the reassessment proceedings initiated by the AO due to incorrect reasons and mechanical approval by the Addl. CIT. The appeal was allowed, declaring the proceedings null and void. The reassessment was based on incorrect facts and lacked proper application of mind, leading to its invalidation. The grounds challenging the addition on merit were not addressed as the assessee succeeded on legal grounds. Case-Laws Income Tax Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405400