https://www.taxtmi.com/caselaws?id=345581 The Tribunal upheld the deletion of an addition on advances received from customers transmitted to the supplier, emphasizing that the tax levy was under dispute and not claimed as expenditure. Additionally, the Tribunal upheld the validity of the notice under Section 148 for reopening the assessment, citing legal precedents and justifying the reason to believe income had escaped assessment. The appeal of the Revenue and the cross-objection of the assessee were both dismissed. en-us Mon, 15 May 2017 00:00:00 +0530 Fri, 21 Jul 2017 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345581 The Tribunal upheld the deletion of an addition on advances received from customers transmitted to the supplier, emphasizing that the tax levy was under dispute and not claimed as expenditure. Additionally, the Tribunal upheld the validity of the notice under Section 148 for reopening the assessment, citing legal precedents and justifying the reason to believe income had escaped assessment. The appeal of the Revenue and the cross-objection of the assessee were both dismissed. Case-Laws Income Tax Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345581