https://www.taxtmi.com/caselaws?id=296209 The Tribunal allowed the assessee's appeal, quashing the reopening of the assessment under Section 148 and deleting the addition of Rs. 1,06,00,000 made under Section 68. The Tribunal emphasized the importance of independent application of mind by the AO, adherence to principles of natural justice, and the need for corroborative evidence to justify additions based on statements from third parties. en-us Thu, 14 May 2015 00:00:00 +0530 Sat, 10 Jul 2021 08:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296209 The Tribunal allowed the assessee's appeal, quashing the reopening of the assessment under Section 148 and deleting the addition of Rs. 1,06,00,000 made under Section 68. The Tribunal emphasized the importance of independent application of mind by the AO, adherence to principles of natural justice, and the need for corroborative evidence to justify additions based on statements from third parties. Case-Laws Income Tax Thu, 14 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296209