https://www.taxtmi.com/caselaws?id=427513 The Tribunal allowed both appeals filed by the assessee, quashing the reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961, and deleting the additions and disallowances made by the Assessing Officer. The Tribunal emphasized the necessity of independent verification, thorough inquiry, and adherence to principles of natural justice in reassessment proceedings, citing various judicial precedents. en-us Tue, 23 Aug 2022 00:00:00 +0530 Sat, 10 Sep 2022 07:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427513 The Tribunal allowed both appeals filed by the assessee, quashing the reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961, and deleting the additions and disallowances made by the Assessing Officer. The Tribunal emphasized the necessity of independent verification, thorough inquiry, and adherence to principles of natural justice in reassessment proceedings, citing various judicial precedents. Case-Laws Income Tax Tue, 23 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427513