https://www.taxtmi.com/caselaws?id=342338 The Tribunal partly allowed the appeal related to the addition of unexplained opening capital balance, allowed the appeal against the penalty imposition, and dismissed the appeal challenging the reopening of assessment under section 143(2) of the Income Tax Act, 1961. The Tribunal held that the Assessing Officer was justified in reopening the assessment in the assessee's name based on reasonable cause from the husband's disclosure of investments made in her name. en-us Mon, 01 May 2017 00:00:00 +0530 Tue, 02 May 2017 09:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342338 The Tribunal partly allowed the appeal related to the addition of unexplained opening capital balance, allowed the appeal against the penalty imposition, and dismissed the appeal challenging the reopening of assessment under section 143(2) of the Income Tax Act, 1961. The Tribunal held that the Assessing Officer was justified in reopening the assessment in the assessee's name based on reasonable cause from the husband's disclosure of investments made in her name. Case-Laws Income Tax Mon, 01 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342338