https://www.taxtmi.com/caselaws?id=338516 The Tribunal dismissed the appeal filed by the assessee concerning the validity of reassessment based on jurisdiction and various additions/disallowances challenged. The Tribunal rejected the jurisdictional challenge following a High Court judgment favoring the revenue. Regarding the merits of additions/disallowances, the Tribunal upheld the disallowance of expenses related to car maintenance and traveling, as well as unexplained investments and expenses based on evidence provided by the Assessing Officer. The Tribunal found the challenges lacked merit due to insufficient evidence, leading to the dismissal of all grounds raised by the assessee. en-us Thu, 02 Feb 2017 00:00:00 +0530 Mon, 06 Feb 2017 10:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338516 The Tribunal dismissed the appeal filed by the assessee concerning the validity of reassessment based on jurisdiction and various additions/disallowances challenged. The Tribunal rejected the jurisdictional challenge following a High Court judgment favoring the revenue. Regarding the merits of additions/disallowances, the Tribunal upheld the disallowance of expenses related to car maintenance and traveling, as well as unexplained investments and expenses based on evidence provided by the Assessing Officer. The Tribunal found the challenges lacked merit due to insufficient evidence, leading to the dismissal of all grounds raised by the assessee. Case-Laws Income Tax Thu, 02 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338516