https://www.taxtmi.com/caselaws?id=413955 The Tribunal invalidated the reassessment proceedings for the assessment year 2009-10 due to lack of independent belief by the Assessing Officer. The addition of Rs. 7,12,00,000/- under Section 69A was deemed unjustified and deleted, as the AO failed to provide a fair opportunity for cross-examination. The CIT(A)'s confirmation of an additional Rs. 71,12,000/- was also overturned, citing lack of merit. Appeals for the assessment year 2012-13 were withdrawn under the "Vivad Se Vishwas Scheme." en-us Wed, 13 Oct 2021 00:00:00 +0530 Mon, 25 Oct 2021 09:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413955 The Tribunal invalidated the reassessment proceedings for the assessment year 2009-10 due to lack of independent belief by the Assessing Officer. The addition of Rs. 7,12,00,000/- under Section 69A was deemed unjustified and deleted, as the AO failed to provide a fair opportunity for cross-examination. The CIT(A)'s confirmation of an additional Rs. 71,12,000/- was also overturned, citing lack of merit. Appeals for the assessment year 2012-13 were withdrawn under the "Vivad Se Vishwas Scheme." Case-Laws Income Tax Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413955