https://www.taxtmi.com/caselaws?id=432970 The Tribunal allowed the Assessee's appeal, holding that the reassessment under section 147/148 was invalid. The Tribunal found that the reopening lacked valid grounds, was based on arbitrary reasons, and the additions to income were unjustified. The Tribunal concluded that the proceedings were without jurisdiction, barred by limitation, and ordered the deletion of the addition to income on account of alleged bogus purchases. en-us Mon, 16 Jan 2023 00:00:00 +0530 Wed, 18 Jan 2023 08:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432970 The Tribunal allowed the Assessee's appeal, holding that the reassessment under section 147/148 was invalid. The Tribunal found that the reopening lacked valid grounds, was based on arbitrary reasons, and the additions to income were unjustified. The Tribunal concluded that the proceedings were without jurisdiction, barred by limitation, and ordered the deletion of the addition to income on account of alleged bogus purchases. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432970