https://www.taxtmi.com/caselaws?id=294501 The Tribunal quashed the reopening of the assessment under Section 148, as the Assessing Officer acted on suspicion without verifying information. Additionally, the Tribunal deleted the additions of Rs. 18,00,000 and Rs. 36,000, as the assessee provided substantial evidence proving the genuineness of transactions and lack of unexplained expenditure. The appeal was allowed in favor of the assessee. en-us Tue, 01 Jan 2019 00:00:00 +0530 Sun, 18 Apr 2021 20:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294501 The Tribunal quashed the reopening of the assessment under Section 148, as the Assessing Officer acted on suspicion without verifying information. Additionally, the Tribunal deleted the additions of Rs. 18,00,000 and Rs. 36,000, as the assessee provided substantial evidence proving the genuineness of transactions and lack of unexplained expenditure. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Tue, 01 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294501