https://www.taxtmi.com/caselaws?id=68673 The appeal involved challenges against additions made by the Assessing Officer (AO) under various grounds, including purchases found out of books, penalties paid without proper verification, and unexplained investments. The cross-objection raised by the assessee challenged the validity of the assessment order under sections 147/148 of the IT Act. The Tribunal allowed the cross-objection and appeal of the Revenue for statistical purposes, remanding the case to the Commissioner of Income Tax (Appeals) for a fresh decision on all issues, emphasizing the importance of challenging jurisdiction to reopen assessments and the right to raise legal grounds at any stage. en-us Fri, 21 Nov 2008 00:00:00 +0530 Mon, 06 Aug 2012 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68673 The appeal involved challenges against additions made by the Assessing Officer (AO) under various grounds, including purchases found out of books, penalties paid without proper verification, and unexplained investments. The cross-objection raised by the assessee challenged the validity of the assessment order under sections 147/148 of the IT Act. The Tribunal allowed the cross-objection and appeal of the Revenue for statistical purposes, remanding the case to the Commissioner of Income Tax (Appeals) for a fresh decision on all issues, emphasizing the importance of challenging jurisdiction to reopen assessments and the right to raise legal grounds at any stage. Case-Laws Income Tax Fri, 21 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68673