https://www.taxtmi.com/caselaws?id=406077 The Tribunal allowed the assessee's appeal, quashing the assessment due to the non-application of mind by the Assessing Officer. The Tribunal found discrepancies in the addition made under section 68 of the Income Tax Act, indicating a lack of proper verification and justification for the reassessment. By emphasizing the importance of the assessing authority applying its mind diligently and following precedents where assessments were quashed for similar reasons, the Tribunal upheld fair practices in tax matters. en-us Wed, 25 Nov 2020 00:00:00 +0530 Tue, 06 Apr 2021 08:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406077 The Tribunal allowed the assessee's appeal, quashing the assessment due to the non-application of mind by the Assessing Officer. The Tribunal found discrepancies in the addition made under section 68 of the Income Tax Act, indicating a lack of proper verification and justification for the reassessment. By emphasizing the importance of the assessing authority applying its mind diligently and following precedents where assessments were quashed for similar reasons, the Tribunal upheld fair practices in tax matters. Case-Laws Income Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406077