https://www.taxtmi.com/caselaws?id=369618 The Tribunal upheld the validity of the reassessment proceedings under Section 147/148, ruling that the Assessing Officer had sufficient grounds to believe income had escaped assessment. It also found the notice under Section 148 was properly served and that the Assessing Officer had applied his mind in recording reasons for reopening. Additionally, the Tribunal upheld the addition of Rs. 23,00,000 under Section 69C, as the assessee failed to provide evidence to disprove the payment of capitation fee. The appeal was dismissed. en-us Tue, 23 Oct 2018 00:00:00 +0530 Wed, 31 Oct 2018 10:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369618 The Tribunal upheld the validity of the reassessment proceedings under Section 147/148, ruling that the Assessing Officer had sufficient grounds to believe income had escaped assessment. It also found the notice under Section 148 was properly served and that the Assessing Officer had applied his mind in recording reasons for reopening. Additionally, the Tribunal upheld the addition of Rs. 23,00,000 under Section 69C, as the assessee failed to provide evidence to disprove the payment of capitation fee. The appeal was dismissed. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369618