https://www.taxtmi.com/caselaws?id=772967 ITAT Delhi quashed the reopening of assessment beyond four years, ruling it was beyond jurisdiction and bad in law. The AO had made additions under section 68 treating cash payments as bogus expenses and added 3% commission expenditure. The tribunal held that the AO failed to provide opportunity to the assessee regarding additions based on third party statements and did not establish the assessee's failure to disclose material facts fully and truly, which is required for reopening assessments beyond the four-year limitation period. en-us Fri, 13 Jun 2025 00:00:00 +0530 Mon, 16 Jun 2025 08:40:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772967 ITAT Delhi quashed the reopening of assessment beyond four years, ruling it was beyond jurisdiction and bad in law. The AO had made additions under section 68 treating cash payments as bogus expenses and added 3% commission expenditure. The tribunal held that the AO failed to provide opportunity to the assessee regarding additions based on third party statements and did not establish the assessee's failure to disclose material facts fully and truly, which is required for reopening assessments beyond the four-year limitation period. Case-Laws Income Tax Fri, 13 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772967