https://www.taxtmi.com/caselaws?id=305941 The Tribunal allowed the appeal, quashing the assessment order due to the invalid reopening of assessment and ordering the deletion of consequential additions. It highlighted the erroneous estimation of taxable income by the CIT(A) and ruled in favor of the appellant regarding the treatment of the received amount as undisclosed income. en-us Fri, 19 Mar 2021 00:00:00 +0530 Sat, 31 Dec 2022 08:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305941 The Tribunal allowed the appeal, quashing the assessment order due to the invalid reopening of assessment and ordering the deletion of consequential additions. It highlighted the erroneous estimation of taxable income by the CIT(A) and ruled in favor of the appellant regarding the treatment of the received amount as undisclosed income. Case-Laws Income Tax Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305941