https://www.taxtmi.com/caselaws?id=414752 The Tribunal dismissed the Revenue's appeal in ITA No. 5154/DEL/2016, upholding the quashing of reassessment due to the absence of incriminating material supporting the addition of Rs. 1,99,65,000 to the assessee's income. The Tribunal affirmed that the jurisdiction assumed under Section 153C was invalid as no satisfaction was recorded, emphasizing the necessity of incriminating evidence for reopening assessments. The reassessment was deemed ab initio void, and the appeal was consequently dismissed on 08.11.2021. en-us Mon, 08 Nov 2021 00:00:00 +0530 Mon, 15 Nov 2021 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414752 The Tribunal dismissed the Revenue's appeal in ITA No. 5154/DEL/2016, upholding the quashing of reassessment due to the absence of incriminating material supporting the addition of Rs. 1,99,65,000 to the assessee's income. The Tribunal affirmed that the jurisdiction assumed under Section 153C was invalid as no satisfaction was recorded, emphasizing the necessity of incriminating evidence for reopening assessments. The reassessment was deemed ab initio void, and the appeal was consequently dismissed on 08.11.2021. Case-Laws Income Tax Mon, 08 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414752