https://www.taxtmi.com/caselaws?id=409233 The tribunal invalidated the reassessment orders due to the Assessing Officer's failure to address the objections raised by the assessee, as mandated by the Supreme Court's decision in GKN Driveshafts (India) Ltd. v. ITO. Consequently, the tribunal quashed the reassessment orders, leading to the dismissal of the additions under Sections 68 and 69 of the Income Tax Act. The appeals favored the assessee. en-us Wed, 09 Jun 2021 00:00:00 +0530 Sat, 03 Jul 2021 08:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409233 The tribunal invalidated the reassessment orders due to the Assessing Officer's failure to address the objections raised by the assessee, as mandated by the Supreme Court's decision in GKN Driveshafts (India) Ltd. v. ITO. Consequently, the tribunal quashed the reassessment orders, leading to the dismissal of the additions under Sections 68 and 69 of the Income Tax Act. The appeals favored the assessee. Case-Laws Income Tax Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409233