https://www.taxtmi.com/caselaws?id=267042 The Tribunal justified the reopening of assessment under section 147 based on tangible material from the Commissioner of Central Excise and Customs. It found the reasons for reopening sufficient despite non-supply to the assessee. The issue of non-notice under section 143(2) was dismissed as not pursued. Addition for alleged sales suppression based on electricity consumption was deleted due to reliance on US standards. Rejection of books of account was unjustified without suppressed sales. Additions for suppressed sales and undisclosed investments were deleted for lack of evidence. The Tribunal's decision emphasized consistency and reasoned approach in deleting the additions. en-us Wed, 15 Jul 2015 00:00:00 +0530 Thu, 29 Oct 2015 06:08:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267042 The Tribunal justified the reopening of assessment under section 147 based on tangible material from the Commissioner of Central Excise and Customs. It found the reasons for reopening sufficient despite non-supply to the assessee. The issue of non-notice under section 143(2) was dismissed as not pursued. Addition for alleged sales suppression based on electricity consumption was deleted due to reliance on US standards. Rejection of books of account was unjustified without suppressed sales. Additions for suppressed sales and undisclosed investments were deleted for lack of evidence. The Tribunal's decision emphasized consistency and reasoned approach in deleting the additions. Case-Laws Income Tax Wed, 15 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267042