https://www.taxtmi.com/caselaws?id=174528 The Tribunal upheld the reopening of assessment based on a gift received by the assessee, as insufficient evidence was provided to establish the transaction's genuineness. The failure to cross-examine a crucial witness did not violate natural justice principles, as reassessment material was deemed adequate. The Tribunal dismissed the appeal, citing the absence of essential evidence and lack of perversity in authorities' findings. The obligation to dispose of objections under Section 260A of the Income-tax Act, 1961, was not found to warrant separate consideration, resulting in the appeal being dismissed in favor of the revenue. en-us Fri, 28 Nov 2008 00:00:00 +0530 Fri, 09 Oct 2015 15:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174528 The Tribunal upheld the reopening of assessment based on a gift received by the assessee, as insufficient evidence was provided to establish the transaction's genuineness. The failure to cross-examine a crucial witness did not violate natural justice principles, as reassessment material was deemed adequate. The Tribunal dismissed the appeal, citing the absence of essential evidence and lack of perversity in authorities' findings. The obligation to dispose of objections under Section 260A of the Income-tax Act, 1961, was not found to warrant separate consideration, resulting in the appeal being dismissed in favor of the revenue. Case-Laws Income Tax Fri, 28 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174528