https://www.taxtmi.com/caselaws?id=429941 The Tribunal quashed the assessment order for A.Y. 2011-12 due to invalid reopening. Additions made for A.Y. 2012-13 to 2016-17 without incriminating materials were directed to be deleted. The addition of long-term capital gains for A.Y. 2017-18 was deleted for lack of evidence. Additions based on Settlement Commission application and education cess were also deleted. Unexplained cash expenditure and credit additions for A.Y. 2018-19 were reduced and deleted, respectively. The appeals by the assessee were allowed for earlier years, and partly allowed for later years, while Revenue's appeals were dismissed. en-us Mon, 17 Oct 2022 00:00:00 +0530 Mon, 07 Nov 2022 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429941 The Tribunal quashed the assessment order for A.Y. 2011-12 due to invalid reopening. Additions made for A.Y. 2012-13 to 2016-17 without incriminating materials were directed to be deleted. The addition of long-term capital gains for A.Y. 2017-18 was deleted for lack of evidence. Additions based on Settlement Commission application and education cess were also deleted. Unexplained cash expenditure and credit additions for A.Y. 2018-19 were reduced and deleted, respectively. The appeals by the assessee were allowed for earlier years, and partly allowed for later years, while Revenue's appeals were dismissed. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429941