https://www.taxtmi.com/caselaws?id=180379 The Tribunal dismissed ITA No. 1197/Del/2007 (Smt. Madhu Arora) and partly allowed ITA No. 3806/Del/07 (M/s. Lhasa Construction Pvt. Ltd.), upholding the deletion of quantum addition but reversing the CIT(A)'s decision on the reopening of assessment. The revenue's challenge regarding the deletion of additions was rejected due to lack of evidence proving understatement, while the Tribunal found the AO had sufficient grounds for reopening the assessment despite objections raised by the assessee. en-us Fri, 25 Jun 2010 00:00:00 +0530 Tue, 22 Mar 2016 15:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180379 The Tribunal dismissed ITA No. 1197/Del/2007 (Smt. Madhu Arora) and partly allowed ITA No. 3806/Del/07 (M/s. Lhasa Construction Pvt. Ltd.), upholding the deletion of quantum addition but reversing the CIT(A)'s decision on the reopening of assessment. The revenue's challenge regarding the deletion of additions was rejected due to lack of evidence proving understatement, while the Tribunal found the AO had sufficient grounds for reopening the assessment despite objections raised by the assessee. Case-Laws Income Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180379