https://www.taxtmi.com/caselaws?id=68240 The appellate tribunal allowed both appeals by the Revenue. It upheld the addition of Rs. 2,79,890 as income of the assessee under Section 68 of the IT Act, finding that the assessee failed to prove the genuineness of the trade deposit. Additionally, the tribunal validated the notice under Section 148 for reopening the assessment for the year 1994-95, within the permissible six-year limitation period under Section 149(1)(b). en-us Mon, 25 Jul 2005 00:00:00 +0530 Wed, 18 Jul 2012 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68240 The appellate tribunal allowed both appeals by the Revenue. It upheld the addition of Rs. 2,79,890 as income of the assessee under Section 68 of the IT Act, finding that the assessee failed to prove the genuineness of the trade deposit. Additionally, the tribunal validated the notice under Section 148 for reopening the assessment for the year 1994-95, within the permissible six-year limitation period under Section 149(1)(b). Case-Laws Income Tax Mon, 25 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68240