https://www.taxtmi.com/caselaws?id=346468 The Tribunal upheld the validity of the assessment order passed under sections 147/147(3) of the IT Act, dismissing the appeal challenging the reopening. It affirmed the addition of Rs. 5,78,500 towards the increase in valuation of work in progress closing stock, agreeing with the CIT(A)'s decision. Regarding the belated deposit of TDS, the Tribunal partly allowed the appeal for statistical purposes only, directing further verification by the Assessing Officer. en-us Wed, 12 Jul 2017 00:00:00 +0530 Wed, 16 Aug 2017 08:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346468 The Tribunal upheld the validity of the assessment order passed under sections 147/147(3) of the IT Act, dismissing the appeal challenging the reopening. It affirmed the addition of Rs. 5,78,500 towards the increase in valuation of work in progress closing stock, agreeing with the CIT(A)'s decision. Regarding the belated deposit of TDS, the Tribunal partly allowed the appeal for statistical purposes only, directing further verification by the Assessing Officer. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346468