https://www.taxtmi.com/caselaws?id=405505 The Tribunal quashed the reassessment proceedings initiated under Section 147, holding them invalid and bad in law due to the AO's failure to independently apply his mind and recording incorrect facts. Consequently, all additions made by the AO, including the addition of Rs. 2,15,84,086/- under Section 68 and Rs. 90,000/- on account of commission, were deleted. The appeal of the assessee was allowed. en-us Fri, 19 Mar 2021 00:00:00 +0530 Mon, 22 Mar 2021 09:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405505 The Tribunal quashed the reassessment proceedings initiated under Section 147, holding them invalid and bad in law due to the AO's failure to independently apply his mind and recording incorrect facts. Consequently, all additions made by the AO, including the addition of Rs. 2,15,84,086/- under Section 68 and Rs. 90,000/- on account of commission, were deleted. The appeal of the assessee was allowed. Case-Laws Income Tax Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405505