https://www.taxtmi.com/caselaws?id=435719 The Tribunal dismissed all appeals by the Revenue and allowed the petitions filed by the assessees, holding that the Assessing Officer lacked jurisdiction to make additions under section 147 of the Income Tax Act as they were not based on the reasons recorded for reopening the assessments. Consequently, the Revenue's grounds on merits were dismissed, and the additions made were deemed invalid. en-us Tue, 21 Mar 2023 00:00:00 +0530 Fri, 24 Mar 2023 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435719 The Tribunal dismissed all appeals by the Revenue and allowed the petitions filed by the assessees, holding that the Assessing Officer lacked jurisdiction to make additions under section 147 of the Income Tax Act as they were not based on the reasons recorded for reopening the assessments. Consequently, the Revenue's grounds on merits were dismissed, and the additions made were deemed invalid. Case-Laws Income Tax Tue, 21 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435719