https://www.taxtmi.com/caselaws?id=416677 The Tribunal allowed the assessee's Cross Objection and dismissed the Revenue's appeal. The CIT(A)'s decision to delete all additions was upheld, citing the assessee's provision of detailed financial information. The Tribunal found errors in the Revenue's arguments regarding inadequate submissions and failure to conduct an independent inquiry. Additionally, jurisdictional issues regarding the reassessment order under Sections 147/143(3) were raised, leading to the original assessment's annulment and subsequent reopening under Section 147. The Tribunal's consideration of similar cases resulted in the quashing of the reassessment order, ultimately favoring the assessee. en-us Mon, 13 Dec 2021 00:00:00 +0530 Tue, 04 Jan 2022 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416677 The Tribunal allowed the assessee's Cross Objection and dismissed the Revenue's appeal. The CIT(A)'s decision to delete all additions was upheld, citing the assessee's provision of detailed financial information. The Tribunal found errors in the Revenue's arguments regarding inadequate submissions and failure to conduct an independent inquiry. Additionally, jurisdictional issues regarding the reassessment order under Sections 147/143(3) were raised, leading to the original assessment's annulment and subsequent reopening under Section 147. The Tribunal's consideration of similar cases resulted in the quashing of the reassessment order, ultimately favoring the assessee. Case-Laws Income Tax Mon, 13 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416677