https://www.taxtmi.com/caselaws?id=295938 The Tribunal found the reassessment under section 147 of the IT Act invalid as the AO failed to establish any failure on the assessee's part to disclose material facts, quashing the reassessment order. Consequently, the additions of Rs. 30 lakhs under section 68 and Rs. 15,000 under section 69C were not addressed, and the Tribunal ruled in favor of the assessee, setting aside the reassessment order on 11/06/2018. en-us Mon, 11 Jun 2018 00:00:00 +0530 Sat, 26 Jun 2021 06:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295938 The Tribunal found the reassessment under section 147 of the IT Act invalid as the AO failed to establish any failure on the assessee's part to disclose material facts, quashing the reassessment order. Consequently, the additions of Rs. 30 lakhs under section 68 and Rs. 15,000 under section 69C were not addressed, and the Tribunal ruled in favor of the assessee, setting aside the reassessment order on 11/06/2018. Case-Laws Income Tax Mon, 11 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295938