https://www.taxtmi.com/caselaws?id=412957 The Tribunal allowed the appeal, declaring the reassessment proceedings invalid due to lack of independent assessment by the AO and reliance solely on information from the Investigation Wing. Consequently, the subsequent assessment was deemed void ab initio, with the Tribunal refraining from ruling on the addition under Section 68. en-us Thu, 16 Sep 2021 00:00:00 +0530 Thu, 30 Sep 2021 21:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412957 The Tribunal allowed the appeal, declaring the reassessment proceedings invalid due to lack of independent assessment by the AO and reliance solely on information from the Investigation Wing. Consequently, the subsequent assessment was deemed void ab initio, with the Tribunal refraining from ruling on the addition under Section 68. Case-Laws Income Tax Thu, 16 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412957