https://www.taxtmi.com/caselaws?id=430690 The Tribunal affirmed the CIT (A)'s decision to quash the assessment order under Section 147, finding that the reopening was invalid due to incorrect facts and lack of independent application of mind by the AO. The reasons for reopening did not align with the material on record, leading to the deletion of the addition made under Section 68. The Tribunal dismissed the Revenue's appeal, concluding that the entire Section 147 proceedings were rightly quashed. en-us Wed, 23 Nov 2022 00:00:00 +0530 Fri, 25 Nov 2022 08:07:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430690 The Tribunal affirmed the CIT (A)'s decision to quash the assessment order under Section 147, finding that the reopening was invalid due to incorrect facts and lack of independent application of mind by the AO. The reasons for reopening did not align with the material on record, leading to the deletion of the addition made under Section 68. The Tribunal dismissed the Revenue's appeal, concluding that the entire Section 147 proceedings were rightly quashed. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430690