https://www.taxtmi.com/caselaws?id=248169 The Tribunal partially allowed the appellant's appeal in the case involving undisclosed capital gain and unreported construction expenses for Assessment Year 2007-08. The Tribunal upheld the reassessment proceedings under sections 147 and 148, citing income escapement justification. However, it deleted the addition of alleged unexplained capital expenses due to lack of evidence. The charging of interest under sections 234A and 234B was upheld as mandatory. Other grounds raised by the appellant were not addressed in the decision. en-us Tue, 13 May 2014 00:00:00 +0530 Wed, 04 Jun 2014 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248169 The Tribunal partially allowed the appellant's appeal in the case involving undisclosed capital gain and unreported construction expenses for Assessment Year 2007-08. The Tribunal upheld the reassessment proceedings under sections 147 and 148, citing income escapement justification. However, it deleted the addition of alleged unexplained capital expenses due to lack of evidence. The charging of interest under sections 234A and 234B was upheld as mandatory. Other grounds raised by the appellant were not addressed in the decision. Case-Laws Income Tax Tue, 13 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248169