https://www.taxtmi.com/caselaws?id=332394 The Tribunal upheld the assessment order adding income to the assessee's total income, dismissing objections regarding territorial jurisdiction and lack of quantification of escaped income. The addition of income without cross-examination opportunity was deemed justified as the assessee failed to substantiate the genuineness of the transaction, despite relying on conduct and lack of evidence. The Tribunal distinguished the case from precedents where substantial evidence supported claims, ultimately dismissing the appeal due to insufficient evidence provided by the assessee. en-us Thu, 04 Aug 2016 00:00:00 +0530 Fri, 16 Sep 2016 11:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332394 The Tribunal upheld the assessment order adding income to the assessee's total income, dismissing objections regarding territorial jurisdiction and lack of quantification of escaped income. The addition of income without cross-examination opportunity was deemed justified as the assessee failed to substantiate the genuineness of the transaction, despite relying on conduct and lack of evidence. The Tribunal distinguished the case from precedents where substantial evidence supported claims, ultimately dismissing the appeal due to insufficient evidence provided by the assessee. Case-Laws Income Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332394