https://www.taxtmi.com/caselaws?id=421982 The Tribunal allowed the appeal, quashing the order of the Ld. CIT(A) and the reassessment proceedings initiated under Section 148 due to the incorrect formation of belief by the AO. The Tribunal did not adjudicate on the merits of the addition of Rs. 74,41,900/- as the primary issue was resolved in favor of the assessee. en-us Thu, 23 Dec 2021 00:00:00 +0530 Fri, 06 May 2022 08:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421982 The Tribunal allowed the appeal, quashing the order of the Ld. CIT(A) and the reassessment proceedings initiated under Section 148 due to the incorrect formation of belief by the AO. The Tribunal did not adjudicate on the merits of the addition of Rs. 74,41,900/- as the primary issue was resolved in favor of the assessee. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421982