https://www.taxtmi.com/caselaws?id=343853 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to quash the reassessment proceeding under sections 147/148 and delete the addition of Rs. 70,77,000 as unexplained investment treated as deemed income under section 69B. The Tribunal found that the reassessment was not justified as there were no new facts or material to support it, and the addition of unexplained investment lacked evidence. The decision was rendered on 17th May 2017. en-us Wed, 17 May 2017 00:00:00 +0530 Sat, 03 Jun 2017 06:20:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343853 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to quash the reassessment proceeding under sections 147/148 and delete the addition of Rs. 70,77,000 as unexplained investment treated as deemed income under section 69B. The Tribunal found that the reassessment was not justified as there were no new facts or material to support it, and the addition of unexplained investment lacked evidence. The decision was rendered on 17th May 2017. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343853