https://www.taxtmi.com/caselaws?id=196790 The appeal was dismissed as the Court found no substantial question of law and no basis to interfere with the lower courts' judgments. The alleged undisclosed loan of Rs. 10,00,000 led to an addition to the Assessee's total income. The validity of the assessment under Section 144 of the Income Tax Act was upheld despite contentions of lack of opportunity and material for reopening. The Court emphasized the importance of evidence consideration and rejected abstract legal propositions as substantial questions of law. The decision aimed to balance justice and avoid prolongation of legal proceedings. en-us Mon, 16 Jan 2017 00:00:00 +0530 Thu, 14 Dec 2017 21:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196790 The appeal was dismissed as the Court found no substantial question of law and no basis to interfere with the lower courts' judgments. The alleged undisclosed loan of Rs. 10,00,000 led to an addition to the Assessee's total income. The validity of the assessment under Section 144 of the Income Tax Act was upheld despite contentions of lack of opportunity and material for reopening. The Court emphasized the importance of evidence consideration and rejected abstract legal propositions as substantial questions of law. The decision aimed to balance justice and avoid prolongation of legal proceedings. Case-Laws Income Tax Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196790