https://www.taxtmi.com/caselaws?id=442629 The Tribunal upheld the decision of the Ld. CIT(A) in a case involving challenges to a reassessment order. The reassessment was quashed due to the AO's reliance on borrowed reasons without independent verification, failure to address objections properly, and lack of providing relevant documents for cross-examination. The Ld. CIT(A) also deleted additions made by the AO, citing lack of confrontation of materials and absence of corroborative evidence. The Tribunal dismissed the revenue's appeal, affirming the invalidity of the reassessment and emphasizing the importance of procedural fairness and proper application of law. en-us Wed, 16 Aug 2023 00:00:00 +0530 Mon, 04 Sep 2023 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442629 The Tribunal upheld the decision of the Ld. CIT(A) in a case involving challenges to a reassessment order. The reassessment was quashed due to the AO's reliance on borrowed reasons without independent verification, failure to address objections properly, and lack of providing relevant documents for cross-examination. The Ld. CIT(A) also deleted additions made by the AO, citing lack of confrontation of materials and absence of corroborative evidence. The Tribunal dismissed the revenue's appeal, affirming the invalidity of the reassessment and emphasizing the importance of procedural fairness and proper application of law. Case-Laws Income Tax Wed, 16 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442629