https://www.taxtmi.com/caselaws?id=405499 The Tribunal allowed the appeal of the assessee, declaring the proceedings under section 147/148 invalid due to the Assessing Officer's failure to form an independent opinion and provide reasons recorded. The judgment stressed the importance of a valid assessment process, citing legal precedents. The additions to income based on TDS deductions were deemed erroneous as the revised TDS certificate was not considered. The Tribunal highlighted the necessity of thorough verification before making such adjustments. The issues related to charging interest and penalty proceedings were not extensively addressed in the decision. en-us Thu, 18 Mar 2021 00:00:00 +0530 Mon, 22 Mar 2021 09:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405499 The Tribunal allowed the appeal of the assessee, declaring the proceedings under section 147/148 invalid due to the Assessing Officer's failure to form an independent opinion and provide reasons recorded. The judgment stressed the importance of a valid assessment process, citing legal precedents. The additions to income based on TDS deductions were deemed erroneous as the revised TDS certificate was not considered. The Tribunal highlighted the necessity of thorough verification before making such adjustments. The issues related to charging interest and penalty proceedings were not extensively addressed in the decision. Case-Laws Income Tax Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405499