https://www.taxtmi.com/caselaws?id=407076 The Tribunal allowed the assessee's appeal, holding the reopening of assessment under Section 147 invalid as it was solely based on information from the Directorate of Income Tax without independent verification. The additions of alleged cash credit and unexplained expenditure were not adjudicated due to the quashing of the reopening. The appeal was decided in favor of the assessee. en-us Fri, 23 Apr 2021 00:00:00 +0530 Fri, 30 Apr 2021 08:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407076 The Tribunal allowed the assessee's appeal, holding the reopening of assessment under Section 147 invalid as it was solely based on information from the Directorate of Income Tax without independent verification. The additions of alleged cash credit and unexplained expenditure were not adjudicated due to the quashing of the reopening. The appeal was decided in favor of the assessee. Case-Laws Income Tax Fri, 23 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407076