https://www.taxtmi.com/caselaws?id=430468 The appeal challenged the assessment order and notice validity, legality of reopening, creditworthiness of parties, and additions made. The appellant argued errors in assessment, incorrect reasons, and lack of reply to objections. The ITAT found fatal flaws in the assessment process, emphasizing discrepancies in information, incorrect name/PAN, and unaddressed objections. The additions lacked legal basis and were based on presumptions. Ultimately, the ITAT allowed the appeal, ruling in favor of the assessee due to the deficiencies in the assessment and lack of legal merit in the additions made by the AO. en-us Thu, 17 Nov 2022 00:00:00 +0530 Sat, 19 Nov 2022 09:00:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430468 The appeal challenged the assessment order and notice validity, legality of reopening, creditworthiness of parties, and additions made. The appellant argued errors in assessment, incorrect reasons, and lack of reply to objections. The ITAT found fatal flaws in the assessment process, emphasizing discrepancies in information, incorrect name/PAN, and unaddressed objections. The additions lacked legal basis and were based on presumptions. Ultimately, the ITAT allowed the appeal, ruling in favor of the assessee due to the deficiencies in the assessment and lack of legal merit in the additions made by the AO. Case-Laws Income Tax Thu, 17 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430468