https://www.taxtmi.com/caselaws?id=344765 The Tribunal ruled in favor of the appellant, holding that the reopening of the assessment after four years was not valid as the issue was not properly raised, and the addition of peak credit in the bank account by the Assessing Officer was unsustainable due to a change of opinion without proper justification. The Tribunal emphasized the importance of considering all evidence and submissions, partially allowing the appeal and directing the AO to delete the disputed amount. en-us Wed, 15 Mar 2017 00:00:00 +0530 Tue, 27 Jun 2017 15:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344765 The Tribunal ruled in favor of the appellant, holding that the reopening of the assessment after four years was not valid as the issue was not properly raised, and the addition of peak credit in the bank account by the Assessing Officer was unsustainable due to a change of opinion without proper justification. The Tribunal emphasized the importance of considering all evidence and submissions, partially allowing the appeal and directing the AO to delete the disputed amount. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344765