https://www.taxtmi.com/caselaws?id=259512 The Tribunal partly allowed the Assessee's appeal, deleting the addition of Rs. 34,13,000 made by the Assessing Officer (AO) and confirmed by the Commissioner of Income Tax (Appeals). The Tribunal upheld the validity of jurisdiction assumed under Section 147 and the notice issued under Section 148 of the Income Tax Act, 1961. The Tribunal found the AO's additions lacked concrete evidence and were based on assumptions, ultimately deleting the entire Rs. 34,13,000 addition. en-us Fri, 24 Apr 2015 00:00:00 +0530 Wed, 13 May 2015 06:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259512 The Tribunal partly allowed the Assessee's appeal, deleting the addition of Rs. 34,13,000 made by the Assessing Officer (AO) and confirmed by the Commissioner of Income Tax (Appeals). The Tribunal upheld the validity of jurisdiction assumed under Section 147 and the notice issued under Section 148 of the Income Tax Act, 1961. The Tribunal found the AO's additions lacked concrete evidence and were based on assumptions, ultimately deleting the entire Rs. 34,13,000 addition. Case-Laws Income Tax Fri, 24 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259512