https://www.taxtmi.com/caselaws?id=357899 The Tribunal upheld the validity of the reopening assessment under section 147, citing tangible material from a previous assessment to support the notice issued for the current year. The addition made under section 69C was remanded for further examination of additional evidence, emphasizing proper adjudication. The Tribunal directed a fresh review of additions/disallowances made on an estimated basis, granting the assessee an opportunity to be heard. As a result, the appeal was partly allowed for statistical purposes. en-us Thu, 08 Mar 2018 00:00:00 +0530 Mon, 02 Apr 2018 08:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357899 The Tribunal upheld the validity of the reopening assessment under section 147, citing tangible material from a previous assessment to support the notice issued for the current year. The addition made under section 69C was remanded for further examination of additional evidence, emphasizing proper adjudication. The Tribunal directed a fresh review of additions/disallowances made on an estimated basis, granting the assessee an opportunity to be heard. As a result, the appeal was partly allowed for statistical purposes. Case-Laws Income Tax Thu, 08 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357899