https://www.taxtmi.com/caselaws?id=442700 The ITAT allowed the appeal, quashing the reassessment order due to the invalidity of the reopening u/s 147, addition u/s 2(22)(e) of Rs. 18,00,000, and the AO's failure to dispose of objections. The ITAT found the AO acted without jurisdiction by not following prescribed procedures, as mandated by legal precedent, leading to the reassessment order being deemed unsustainable. en-us Mon, 28 Aug 2023 00:00:00 +0530 Wed, 06 Sep 2023 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442700 The ITAT allowed the appeal, quashing the reassessment order due to the invalidity of the reopening u/s 147, addition u/s 2(22)(e) of Rs. 18,00,000, and the AO's failure to dispose of objections. The ITAT found the AO acted without jurisdiction by not following prescribed procedures, as mandated by legal precedent, leading to the reassessment order being deemed unsustainable. Case-Laws Income Tax Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442700