https://www.taxtmi.com/caselaws?id=434077 The Tribunal allowed the appeal due to procedural irregularities, lack of concrete evidence supporting the reopening under section 148 of the Income Tax Act, and arbitrary invocation of Explanation - 3 of section 147 for assessment. The addition of unproved amounts under section 68 was deemed unwarranted, emphasizing the requirement for substantiated evidence. The lack of a notice under section 143(2) rendered the reassessment invalid, leading to the appeal's allowance. The failure to provide an opportunity for cross-examination of accommodation providers was considered a violation of natural justice, resulting in the quashing of the reassessment proceedings. en-us Fri, 03 Feb 2023 00:00:00 +0530 Thu, 16 Feb 2023 10:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434077 The Tribunal allowed the appeal due to procedural irregularities, lack of concrete evidence supporting the reopening under section 148 of the Income Tax Act, and arbitrary invocation of Explanation - 3 of section 147 for assessment. The addition of unproved amounts under section 68 was deemed unwarranted, emphasizing the requirement for substantiated evidence. The lack of a notice under section 143(2) rendered the reassessment invalid, leading to the appeal's allowance. The failure to provide an opportunity for cross-examination of accommodation providers was considered a violation of natural justice, resulting in the quashing of the reassessment proceedings. Case-Laws Income Tax Fri, 03 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434077