https://www.taxtmi.com/caselaws?id=413816 The Tribunal quashed the reassessment orders due to the Assessing Officer's failure to dispose of preliminary objections raised by the assessees, following the precedent set by the Supreme Court in GKN Driveshafts (India) Ltd. v. ITO. Consequently, the Tribunal did not address the merits of the additions under Sections 68 and 69, as the reassessment orders were invalidated. The appeals favored the assessees. en-us Wed, 06 Oct 2021 00:00:00 +0530 Thu, 21 Oct 2021 08:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413816 The Tribunal quashed the reassessment orders due to the Assessing Officer's failure to dispose of preliminary objections raised by the assessees, following the precedent set by the Supreme Court in GKN Driveshafts (India) Ltd. v. ITO. Consequently, the Tribunal did not address the merits of the additions under Sections 68 and 69, as the reassessment orders were invalidated. The appeals favored the assessees. Case-Laws Income Tax Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413816