https://www.taxtmi.com/caselaws?id=64304 The Tribunal upheld the reopening of the assessment under sections 147 and 148 of the IT Act, finding that the AO had sufficient reason to believe income had escaped assessment based on material collected during a survey. Additionally, the Tribunal denied the assessee's exemption claim under section 10(22) of the IT Act, as the assessee failed to prove the genuineness of payments and establish that funds were used solely for educational purposes. The Tribunal dismissed both appeals, concluding that the assessee had not substantiated its case regarding the assessment reopening and exemption denial. en-us Thu, 11 Nov 2004 00:00:00 +0530 Tue, 26 Jun 2012 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64304 The Tribunal upheld the reopening of the assessment under sections 147 and 148 of the IT Act, finding that the AO had sufficient reason to believe income had escaped assessment based on material collected during a survey. Additionally, the Tribunal denied the assessee's exemption claim under section 10(22) of the IT Act, as the assessee failed to prove the genuineness of payments and establish that funds were used solely for educational purposes. The Tribunal dismissed both appeals, concluding that the assessee had not substantiated its case regarding the assessment reopening and exemption denial. Case-Laws Income Tax Thu, 11 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64304