https://www.taxtmi.com/caselaws?id=418890 The tribunal quashed the reassessment order passed by the AO under section 144 read with section 147 primarily due to procedural irregularities, lack of proper jurisdiction, and mechanical approval by the Principal Commissioner of Income Tax. The appeal by the assessee was allowed, and the tribunal did not address the merits of the additions made for cash deposits and interest income, focusing solely on the grounds leading to the quashing of the reassessment. en-us Mon, 21 Feb 2022 00:00:00 +0530 Sat, 26 Feb 2022 05:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418890 The tribunal quashed the reassessment order passed by the AO under section 144 read with section 147 primarily due to procedural irregularities, lack of proper jurisdiction, and mechanical approval by the Principal Commissioner of Income Tax. The appeal by the assessee was allowed, and the tribunal did not address the merits of the additions made for cash deposits and interest income, focusing solely on the grounds leading to the quashing of the reassessment. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418890