https://www.taxtmi.com/caselaws?id=234581 The Tribunal partially allowed the appeal, dismissing challenges to the validity of the assessment reopening and disallowances of gift amount and share trading profit. It emphasized the significance of considering evidence and explanations provided by the taxpayer, leading to the decision to allow the appeal on these grounds. The Tribunal did not address the initiation of penalty proceedings or levying of interest, deeming them general and inconsequential. en-us Fri, 07 Jun 2013 00:00:00 +0530 Tue, 18 Jun 2013 13:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234581 The Tribunal partially allowed the appeal, dismissing challenges to the validity of the assessment reopening and disallowances of gift amount and share trading profit. It emphasized the significance of considering evidence and explanations provided by the taxpayer, leading to the decision to allow the appeal on these grounds. The Tribunal did not address the initiation of penalty proceedings or levying of interest, deeming them general and inconsequential. Case-Laws Income Tax Fri, 07 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234581