https://www.taxtmi.com/caselaws?id=415371 The Tribunal partly allowed the appeals, deleting the additions of Rs. 10,63,37,500/- for both assessment years and Rs. 1,50,00,000/- for A.Y. 2008-09, while upholding the validity of the notices under Section 148. The Tribunal found that the AO followed due procedure in issuing the notices and that the additions made by the AO were based on incorrect premises without proper factual basis, leading to the deletions of the said additions. en-us Mon, 04 Oct 2021 00:00:00 +0530 Sat, 04 Dec 2021 08:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415371 The Tribunal partly allowed the appeals, deleting the additions of Rs. 10,63,37,500/- for both assessment years and Rs. 1,50,00,000/- for A.Y. 2008-09, while upholding the validity of the notices under Section 148. The Tribunal found that the AO followed due procedure in issuing the notices and that the additions made by the AO were based on incorrect premises without proper factual basis, leading to the deletions of the said additions. Case-Laws Income Tax Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415371