https://www.taxtmi.com/caselaws?id=338623 The ITAT upheld the CIT(A)'s decision to dismiss both appeals filed by the appellant. The reassessment proceedings were deemed valid, the additional ground on notice under section 143(2) was rejected, the quantum addition for gifts received was upheld, and the penalty under section 271(1)(c) was maintained. The appellant failed to provide substantial evidence to support their arguments, leading to the unfavorable outcome on all grounds. en-us Mon, 06 Feb 2017 00:00:00 +0530 Wed, 08 Feb 2017 12:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338623 The ITAT upheld the CIT(A)'s decision to dismiss both appeals filed by the appellant. The reassessment proceedings were deemed valid, the additional ground on notice under section 143(2) was rejected, the quantum addition for gifts received was upheld, and the penalty under section 271(1)(c) was maintained. The appellant failed to provide substantial evidence to support their arguments, leading to the unfavorable outcome on all grounds. Case-Laws Income Tax Mon, 06 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338623