https://www.taxtmi.com/caselaws?id=771204 The SC invalidated tax reassessment proceedings under section 147 due to mechanical approval by the Principal Commissioner. The Court found the reopening invalid because the approving authority recorded satisfaction without substantive consideration or objective reasoning. Consequently, the cash deposit addition of Rs. 455.42 Lacs was quashed, emphasizing that assessment reopening requires genuine application of mind by the competent authority. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771204 The SC invalidated tax reassessment proceedings under section 147 due to mechanical approval by the Principal Commissioner. The Court found the reopening invalid because the approving authority recorded satisfaction without substantive consideration or objective reasoning. Consequently, the cash deposit addition of Rs. 455.42 Lacs was quashed, emphasizing that assessment reopening requires genuine application of mind by the competent authority. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771204