https://www.taxtmi.com/caselaws?id=417179 The Tribunal allowed the appeal, quashing the reassessment proceedings under Section 148 as they were initiated beyond the statutory period of four years and based on a mere change of opinion without new tangible material. The addition of Rs. 20,00,000 under Section 68 was deemed academic due to the quashing of the reassessment. en-us Thu, 06 Jan 2022 00:00:00 +0530 Mon, 17 Jan 2022 08:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417179 The Tribunal allowed the appeal, quashing the reassessment proceedings under Section 148 as they were initiated beyond the statutory period of four years and based on a mere change of opinion without new tangible material. The addition of Rs. 20,00,000 under Section 68 was deemed academic due to the quashing of the reassessment. Case-Laws Income Tax Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417179