https://www.taxtmi.com/caselaws?id=407691 The Tribunal allowed the appeal of the assessee, setting aside the order of the CIT(A) and directing the AO to delete the addition made under Section 68 of the Income Tax Act. The Tribunal found that the reassessment order was procedurally flawed and made without proper verification. Additionally, the Tribunal noted that the AO and CIT(A) did not adequately consider the evidence provided by the assessee, shifting the burden of proof to the AO. The jurisdictional issue regarding the assessment order was left open due to the favorable decision on the merits. en-us Wed, 05 May 2021 00:00:00 +0530 Wed, 19 May 2021 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407691 The Tribunal allowed the appeal of the assessee, setting aside the order of the CIT(A) and directing the AO to delete the addition made under Section 68 of the Income Tax Act. The Tribunal found that the reassessment order was procedurally flawed and made without proper verification. Additionally, the Tribunal noted that the AO and CIT(A) did not adequately consider the evidence provided by the assessee, shifting the burden of proof to the AO. The jurisdictional issue regarding the assessment order was left open due to the favorable decision on the merits. Case-Laws Income Tax Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407691