https://www.taxtmi.com/caselaws?id=264044 The Tribunal upheld the addition of Rs. 10 Crores to the appellant's income under Section 68 of the Income-tax Act, 1961, due to insufficient substantiation of the commission claim and the actual utilization of funds for purchasing gold bullion. Additionally, the Tribunal confirmed the reopening of the assessment under Section 147, dismissing the appeal as the Assessing Officer rightly reopened the assessment without evidence of a change in opinion. en-us Fri, 21 Aug 2015 00:00:00 +0530 Wed, 16 Sep 2015 06:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264044 The Tribunal upheld the addition of Rs. 10 Crores to the appellant's income under Section 68 of the Income-tax Act, 1961, due to insufficient substantiation of the commission claim and the actual utilization of funds for purchasing gold bullion. Additionally, the Tribunal confirmed the reopening of the assessment under Section 147, dismissing the appeal as the Assessing Officer rightly reopened the assessment without evidence of a change in opinion. Case-Laws Income Tax Fri, 21 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264044