https://www.taxtmi.com/caselaws?id=259971 The Tribunal upheld the reopening of assessment u/s 147 beyond the limitation period, the addition of income from M/s Garg Finvest (P) Ltd., and disallowance u/s 14A of the Income Tax Act, 1961, for the relevant assessment years. The appellant's challenges were dismissed as the Tribunal found the lower authorities' decisions justified based on the lack of evidence and consistent application of legal principles. All appeals by the assessee and the revenue were dismissed, affirming the original decisions on the issues raised. en-us Fri, 15 May 2015 00:00:00 +0530 Thu, 28 May 2015 06:33:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259971 The Tribunal upheld the reopening of assessment u/s 147 beyond the limitation period, the addition of income from M/s Garg Finvest (P) Ltd., and disallowance u/s 14A of the Income Tax Act, 1961, for the relevant assessment years. The appellant's challenges were dismissed as the Tribunal found the lower authorities' decisions justified based on the lack of evidence and consistent application of legal principles. All appeals by the assessee and the revenue were dismissed, affirming the original decisions on the issues raised. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259971