https://www.taxtmi.com/caselaws?id=432969 The Tribunal allowed the appeals, setting aside the reassessment proceedings initiated under Section 147 and the consequent additions under Sections 68 and 69C. The Tribunal emphasized the necessity for the Assessing Officer to independently verify information and adhere to principles of natural justice. The findings and directions in ITA No. 1338/Chd/2018 were applied mutatis mutandis to the other appeals, resulting in their favorable disposal for the assessees. en-us Thu, 12 Jan 2023 00:00:00 +0530 Mon, 16 Jan 2023 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432969 The Tribunal allowed the appeals, setting aside the reassessment proceedings initiated under Section 147 and the consequent additions under Sections 68 and 69C. The Tribunal emphasized the necessity for the Assessing Officer to independently verify information and adhere to principles of natural justice. The findings and directions in ITA No. 1338/Chd/2018 were applied mutatis mutandis to the other appeals, resulting in their favorable disposal for the assessees. Case-Laws Income Tax Thu, 12 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432969