https://www.taxtmi.com/caselaws?id=197251 The Tribunal upheld the reopening of the assessment under sections 147/148 of the Income-tax Act, dismissing the challenge raised by the assessee. However, the additions made under section 69 for alleged unaccounted investments and interest income were deleted due to lack of concrete evidence linking the assessee to the transactions. The Tribunal emphasized the Revenue's failure to provide substantial evidence, ultimately allowing the appeal in part by dismissing the reopening challenge and deleting the additions under sections 69 and 56 of the Act. en-us Fri, 30 Jun 2017 00:00:00 +0530 Sun, 31 Dec 2017 20:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197251 The Tribunal upheld the reopening of the assessment under sections 147/148 of the Income-tax Act, dismissing the challenge raised by the assessee. However, the additions made under section 69 for alleged unaccounted investments and interest income were deleted due to lack of concrete evidence linking the assessee to the transactions. The Tribunal emphasized the Revenue's failure to provide substantial evidence, ultimately allowing the appeal in part by dismissing the reopening challenge and deleting the additions under sections 69 and 56 of the Act. Case-Laws Income Tax Fri, 30 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197251