https://www.taxtmi.com/caselaws?id=329265 The Tribunal upheld the reopening of the assessment under sections 147/148, citing tangible material indicating escaped income. However, the addition of Rs. 15,65,000/- as unexplained investment was set aside for a de-novo enquiry by the AO to determine the genuineness of the loan transaction from San Finance Corporation. The Tribunal directed the assessee to cooperate with the Revenue for further investigation. The appeal was partly allowed for statistical purposes. en-us Wed, 27 Apr 2016 00:00:00 +0530 Mon, 27 Jun 2016 07:22:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329265 The Tribunal upheld the reopening of the assessment under sections 147/148, citing tangible material indicating escaped income. However, the addition of Rs. 15,65,000/- as unexplained investment was set aside for a de-novo enquiry by the AO to determine the genuineness of the loan transaction from San Finance Corporation. The Tribunal directed the assessee to cooperate with the Revenue for further investigation. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329265