https://www.taxtmi.com/caselaws?id=301693 The Tribunal quashed the assessment order, ruling the reopening under Section 147 invalid as Section 153C should have been applied. The addition of Rs. 16,00,000 based on a third party's uncorroborated statement was deemed unsubstantiated. Denial of cross-examination violated natural justice principles. Lack of documents related to the third party further undermined the case. The Tribunal directed deletion of the addition and allowed the appellant's appeal. The issue of interest levied under Sections 234A, 234B, and 234C was not extensively addressed. en-us Wed, 09 Sep 2020 00:00:00 +0530 Sat, 16 Apr 2022 08:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301693 The Tribunal quashed the assessment order, ruling the reopening under Section 147 invalid as Section 153C should have been applied. The addition of Rs. 16,00,000 based on a third party's uncorroborated statement was deemed unsubstantiated. Denial of cross-examination violated natural justice principles. Lack of documents related to the third party further undermined the case. The Tribunal directed deletion of the addition and allowed the appellant's appeal. The issue of interest levied under Sections 234A, 234B, and 234C was not extensively addressed. Case-Laws Income Tax Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301693