https://www.taxtmi.com/caselaws?id=297928 The Tribunal quashed the reassessment order and allowed the appeal filed by the assessee. The reassessment proceedings were found to be invalid due to lack of independent application of mind by the AO, non-compliance with statutory requirements, violation of principles of natural justice, and illegal additions made under Section 68. The Tribunal emphasized the need for the AO to independently verify information and record detailed reasons before reopening an assessment. en-us Thu, 14 Jul 2016 00:00:00 +0530 Thu, 30 Sep 2021 21:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297928 The Tribunal quashed the reassessment order and allowed the appeal filed by the assessee. The reassessment proceedings were found to be invalid due to lack of independent application of mind by the AO, non-compliance with statutory requirements, violation of principles of natural justice, and illegal additions made under Section 68. The Tribunal emphasized the need for the AO to independently verify information and record detailed reasons before reopening an assessment. Case-Laws Income Tax Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297928