https://www.taxtmi.com/caselaws?id=757173 The Appellate Tribunal allowed the appeal, quashing the addition of unexplained cash credit under section 68 of the Income-tax Act, 1961, and found the Assessing Officer lacked jurisdiction to reopen the assessment under section 148. The Tribunal concluded that the recorded reason for reopening was baseless, and the order favored the assessee. en-us Tue, 13 Aug 2024 00:00:00 +0530 Wed, 14 Aug 2024 17:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757173 The Appellate Tribunal allowed the appeal, quashing the addition of unexplained cash credit under section 68 of the Income-tax Act, 1961, and found the Assessing Officer lacked jurisdiction to reopen the assessment under section 148. The Tribunal concluded that the recorded reason for reopening was baseless, and the order favored the assessee. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757173