https://www.taxtmi.com/caselaws?id=269328 The Tribunal dismissed the revenue's appeals and upheld the assessee's cross-objections, questioning the legality of reopening the assessment under section 148 of the Income Tax Act. The Tribunal also upheld the deletion of additions made under section 69, as there was no evidence linking the assessee to the alleged on-money payments. The Tribunal found the revenue's assumptions lacked concrete evidence, leading to the dismissal of the appeals based on the Tribunal's factual findings and proper evaluation of the evidence. en-us Fri, 06 Nov 2015 00:00:00 +0530 Sat, 12 Dec 2015 13:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269328 The Tribunal dismissed the revenue's appeals and upheld the assessee's cross-objections, questioning the legality of reopening the assessment under section 148 of the Income Tax Act. The Tribunal also upheld the deletion of additions made under section 69, as there was no evidence linking the assessee to the alleged on-money payments. The Tribunal found the revenue's assumptions lacked concrete evidence, leading to the dismissal of the appeals based on the Tribunal's factual findings and proper evaluation of the evidence. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269328