https://www.taxtmi.com/caselaws?id=423796 The Tribunal allowed the appeal of the assessee based on the invalidity of the reassessment proceedings and subsequent additions made by the Assessing Officer. The Tribunal emphasized that additions during reassessment must be directly linked to the reasons for reopening the assessment. The issues regarding exemption under section 10(23C)(iiiae) and the levies of interest and penalty were not extensively discussed due to the jurisdictional aspect of the case. en-us Tue, 31 May 2022 00:00:00 +0530 Wed, 15 Jun 2022 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423796 The Tribunal allowed the appeal of the assessee based on the invalidity of the reassessment proceedings and subsequent additions made by the Assessing Officer. The Tribunal emphasized that additions during reassessment must be directly linked to the reasons for reopening the assessment. The issues regarding exemption under section 10(23C)(iiiae) and the levies of interest and penalty were not extensively discussed due to the jurisdictional aspect of the case. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423796