https://www.taxtmi.com/caselaws?id=188351 The appeal filed by the assessee was allowed, with the reassessment proceedings held invalid and the addition of Rs. 1,70,94,000 on account of alleged unaccounted sale proceeds being dismissed. The Tribunal emphasized the importance of acting on bona fide belief and corroborative evidence rather than suspicion and conjecture in reassessment proceedings. en-us Wed, 05 Feb 2014 00:00:00 +0530 Mon, 28 Nov 2016 11:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188351 The appeal filed by the assessee was allowed, with the reassessment proceedings held invalid and the addition of Rs. 1,70,94,000 on account of alleged unaccounted sale proceeds being dismissed. The Tribunal emphasized the importance of acting on bona fide belief and corroborative evidence rather than suspicion and conjecture in reassessment proceedings. Case-Laws Income Tax Wed, 05 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188351