https://www.taxtmi.com/caselaws?id=349933 The Tribunal upheld the reopening of the assessment for the appellant, based on credible information from international authorities regarding alleged interest income from a foreign bank account. Additionally, the Tribunal upheld the addition of interest income derived from deposits in the foreign bank account, as the appellant failed to disprove the information provided by the tax authorities. The decision was supported by legal precedents allowing reassessment when income is believed to have escaped assessment. en-us Mon, 23 Oct 2017 00:00:00 +0530 Fri, 27 Oct 2017 09:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349933 The Tribunal upheld the reopening of the assessment for the appellant, based on credible information from international authorities regarding alleged interest income from a foreign bank account. Additionally, the Tribunal upheld the addition of interest income derived from deposits in the foreign bank account, as the appellant failed to disprove the information provided by the tax authorities. The decision was supported by legal precedents allowing reassessment when income is believed to have escaped assessment. Case-Laws Income Tax Mon, 23 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349933