https://www.taxtmi.com/caselaws?id=305240 The Tribunal held that the re-opening of the assessment under section 147 of the Income Tax Act, 1961, solely for verification purposes was not valid. Relying on precedents from the Gujarat High Court and Supreme Court, the Tribunal quashed the assessment, emphasizing that proceedings cannot be initiated merely for verification. The appeal was allowed, setting aside the impugned assessment for the assessment year 2010-11. en-us Fri, 06 Mar 2020 00:00:00 +0530 Wed, 23 Nov 2022 21:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305240 The Tribunal held that the re-opening of the assessment under section 147 of the Income Tax Act, 1961, solely for verification purposes was not valid. Relying on precedents from the Gujarat High Court and Supreme Court, the Tribunal quashed the assessment, emphasizing that proceedings cannot be initiated merely for verification. The appeal was allowed, setting aside the impugned assessment for the assessment year 2010-11. Case-Laws Income Tax Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305240