https://www.taxtmi.com/caselaws?id=220049 The case involved an appeal challenging the addition of Rs. 6 lakhs in the assessee's income under Section 260(A) of the Income Tax Act, 1961. The Tribunal deleted the addition, prompting the Commissioner to raise substantial questions of law. The Assessing Officer invoked Section 68 to add Rs. 6,00,000 as a bogus gift, which was disputed in the appeal. The Tribunal's oversight of an enquiry by the ADIT and the validity of issuing notice under Section 147/148 were also contested. Ultimately, the appeal was dismissed due to insufficient material supporting the initiation of proceedings under Section 148 and considerations of tax appeal limits set by the Central Board of Direct Taxes. en-us Fri, 14 Dec 2012 00:00:00 +0530 Tue, 08 Jan 2013 09:15:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220049 The case involved an appeal challenging the addition of Rs. 6 lakhs in the assessee's income under Section 260(A) of the Income Tax Act, 1961. The Tribunal deleted the addition, prompting the Commissioner to raise substantial questions of law. The Assessing Officer invoked Section 68 to add Rs. 6,00,000 as a bogus gift, which was disputed in the appeal. The Tribunal's oversight of an enquiry by the ADIT and the validity of issuing notice under Section 147/148 were also contested. Ultimately, the appeal was dismissed due to insufficient material supporting the initiation of proceedings under Section 148 and considerations of tax appeal limits set by the Central Board of Direct Taxes. Case-Laws Income Tax Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220049