https://www.taxtmi.com/caselaws?id=420617 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision. The AO wrongly assumed jurisdiction under Section 148 without proper inquiry, leading to the reopening of the assessment being deemed unjustified. Additionally, the AO's double addition under Section 68 was found to be unsustainable, resulting in the deletion of the added amount. The Tribunal upheld the CIT(A)'s order on both issues, emphasizing the lack of proper investigation by the AO. en-us Tue, 29 Mar 2022 00:00:00 +0530 Wed, 06 Apr 2022 09:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420617 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision. The AO wrongly assumed jurisdiction under Section 148 without proper inquiry, leading to the reopening of the assessment being deemed unjustified. Additionally, the AO's double addition under Section 68 was found to be unsustainable, resulting in the deletion of the added amount. The Tribunal upheld the CIT(A)'s order on both issues, emphasizing the lack of proper investigation by the AO. Case-Laws Income Tax Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420617