https://www.taxtmi.com/caselaws?id=190987 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the additions made by the Assessing Officer. Emphasizing the importance of substantiating the source of funds, the Tribunal highlighted the necessity for a genuine reason to believe income has escaped assessment before initiating reassessment proceedings. en-us Wed, 31 Aug 2016 00:00:00 +0530 Thu, 16 Mar 2017 10:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190987 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the additions made by the Assessing Officer. Emphasizing the importance of substantiating the source of funds, the Tribunal highlighted the necessity for a genuine reason to believe income has escaped assessment before initiating reassessment proceedings. Case-Laws Income Tax Wed, 31 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190987