https://www.taxtmi.com/caselaws?id=342611 The Tribunal upheld the reopening of assessment based on information from the Investigation Unit and rejected the appellant's suspicion claims. Concerning the addition of Rs. 45 Lakhs as share capital, the Tribunal directed the AO to reassess the legitimacy of the funds, emphasizing the appellant's right to present its case. The appeal was partly allowed in favor of the assessee, with the Tribunal setting aside the AO's order for further investigation into the share capital received. en-us Fri, 31 Mar 2017 00:00:00 +0530 Tue, 09 May 2017 07:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342611 The Tribunal upheld the reopening of assessment based on information from the Investigation Unit and rejected the appellant's suspicion claims. Concerning the addition of Rs. 45 Lakhs as share capital, the Tribunal directed the AO to reassess the legitimacy of the funds, emphasizing the appellant's right to present its case. The appeal was partly allowed in favor of the assessee, with the Tribunal setting aside the AO's order for further investigation into the share capital received. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342611