https://www.taxtmi.com/caselaws?id=434542 The Tribunal quashed the reopening proceedings under sections 147/148 of the I.T. Act, 1961, and set aside the assessment order. The Tribunal found the reasons for reopening lacked substantial evidence, the notice was not issued correctly, and procedural irregularities invalidated the assessment. The addition of Rs. 9,88,861/- was deemed unsupported and legally untenable. The appellant was granted permission to raise additional grounds. As a result, the appeal was allowed in favor of the assessee. en-us Mon, 23 Jan 2023 00:00:00 +0530 Mon, 27 Feb 2023 08:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434542 The Tribunal quashed the reopening proceedings under sections 147/148 of the I.T. Act, 1961, and set aside the assessment order. The Tribunal found the reasons for reopening lacked substantial evidence, the notice was not issued correctly, and procedural irregularities invalidated the assessment. The addition of Rs. 9,88,861/- was deemed unsupported and legally untenable. The appellant was granted permission to raise additional grounds. As a result, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434542