https://www.taxtmi.com/caselaws?id=260500 The Tribunal upheld the Assessing Officer's addition of Rs. 11 lakhs to the assessee's income due to a disputed gift, confirming the reopening of the case under section 148 of the Income Tax Act. The Tribunal deemed the notice service valid and found the gift's genuineness unproven. The appeal challenging interest charges and penalty proceedings was deemed premature. The Tribunal's decision favored the tax authorities, dismissing the assessee's appeal and affirming the various disputed aspects of the case. en-us Tue, 02 Jun 2015 00:00:00 +0530 Mon, 15 Jun 2015 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260500 The Tribunal upheld the Assessing Officer's addition of Rs. 11 lakhs to the assessee's income due to a disputed gift, confirming the reopening of the case under section 148 of the Income Tax Act. The Tribunal deemed the notice service valid and found the gift's genuineness unproven. The appeal challenging interest charges and penalty proceedings was deemed premature. The Tribunal's decision favored the tax authorities, dismissing the assessee's appeal and affirming the various disputed aspects of the case. Case-Laws Income Tax Tue, 02 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260500