https://www.taxtmi.com/caselaws?id=178356 The Tribunal upheld the reopening of the assessment for the assessment year 1998-99 under Section 147 based on materials collected during a search operation. For the remaining assessment years, except 2005-06, Section 153C was invoked due to transactions revealed in the search operation implicating the assessee in auctioning activities. The Tribunal confirmed the additions made by the assessing authority, treating cash deposits as unexplained credits and adding them to the assessee's income. The appeals filed by the assessee were dismissed, affirming the lower authorities' decisions. en-us Wed, 09 Apr 2014 00:00:00 +0530 Wed, 03 Feb 2016 09:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178356 The Tribunal upheld the reopening of the assessment for the assessment year 1998-99 under Section 147 based on materials collected during a search operation. For the remaining assessment years, except 2005-06, Section 153C was invoked due to transactions revealed in the search operation implicating the assessee in auctioning activities. The Tribunal confirmed the additions made by the assessing authority, treating cash deposits as unexplained credits and adding them to the assessee's income. The appeals filed by the assessee were dismissed, affirming the lower authorities' decisions. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178356