https://www.taxtmi.com/caselaws?id=296232 The Tribunal allowed the assessee's appeal, quashing the reopening of the assessment and deleting the addition of Rs. 26,00,000 made under Section 68. The Tribunal's decision was based on the lack of independent application of mind by the AO in reopening the assessment and the satisfactory explanation provided by the assessee for the share application and share premium money. en-us Fri, 01 Apr 2016 00:00:00 +0530 Fri, 23 Jul 2021 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296232 The Tribunal allowed the assessee's appeal, quashing the reopening of the assessment and deleting the addition of Rs. 26,00,000 made under Section 68. The Tribunal's decision was based on the lack of independent application of mind by the AO in reopening the assessment and the satisfactory explanation provided by the assessee for the share application and share premium money. Case-Laws Income Tax Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296232