https://www.taxtmi.com/caselaws?id=425130 The Tribunal declared the reopening of the assessment under section 147 invalid as the sanction for issuing notice under section 148 was not granted by the competent authority as required by law. Consequently, the assessment order was quashed, and the merits of the addition under section 68 were not considered. The appeal was allowed in favor of the assessee. en-us Thu, 14 Jul 2022 00:00:00 +0530 Sat, 16 Jul 2022 09:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425130 The Tribunal declared the reopening of the assessment under section 147 invalid as the sanction for issuing notice under section 148 was not granted by the competent authority as required by law. Consequently, the assessment order was quashed, and the merits of the addition under section 68 were not considered. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425130