https://www.taxtmi.com/caselaws?id=256733 The court upheld the re-assessment proceedings under Section 147, deemed the notice under Section 143(2) as valid due to the assessee's cooperation, and justified the addition of Rs. 4,84,000 under Section 68 based on insufficient creditworthiness and genuineness of the transaction by the purchasers. As a result, the appeal was dismissed with no grounds for interference or substantial question of law identified. en-us Mon, 09 Feb 2015 00:00:00 +0530 Fri, 20 Feb 2015 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256733 The court upheld the re-assessment proceedings under Section 147, deemed the notice under Section 143(2) as valid due to the assessee's cooperation, and justified the addition of Rs. 4,84,000 under Section 68 based on insufficient creditworthiness and genuineness of the transaction by the purchasers. As a result, the appeal was dismissed with no grounds for interference or substantial question of law identified. Case-Laws Income Tax Mon, 09 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256733