https://www.taxtmi.com/caselaws?id=271761 The Tribunal upheld the validity of the re-assessment order despite the non-service of notice under section 143(2) due to the nonest nature of the filed return. It ruled in favor of the assessee regarding the addition of Rs. 13,00,000 as unexplained advances, stating the amount was appropriately utilized for educational purposes. Additionally, the Tribunal deleted the Rs. 9,48,585 addition for not spending on the trust's objects, as the expenses were deemed valid for educational purposes. The appeal was partially allowed in favor of the assessee. en-us Wed, 20 Jan 2016 00:00:00 +0530 Tue, 16 Feb 2016 06:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271761 The Tribunal upheld the validity of the re-assessment order despite the non-service of notice under section 143(2) due to the nonest nature of the filed return. It ruled in favor of the assessee regarding the addition of Rs. 13,00,000 as unexplained advances, stating the amount was appropriately utilized for educational purposes. Additionally, the Tribunal deleted the Rs. 9,48,585 addition for not spending on the trust's objects, as the expenses were deemed valid for educational purposes. The appeal was partially allowed in favor of the assessee. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271761