https://www.taxtmi.com/caselaws?id=373717 The Tribunal upheld the assessment by the AO, dismissing the Assessee's claims of nullity and violation of natural justice. It found the initiation of proceedings under section 147 valid, supported by tangible material and approval by the Ld. Pr. CIT. The Tribunal also upheld the legality of proceedings under section 148 and ruled against the Assessee on issues related to disallowance of capital gain, addition of unexplained cash credit, sustainment of cash addition, and the right to file additional grounds. The Assessee's appeal was dismissed in its entirety. en-us Mon, 14 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 08:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373717 The Tribunal upheld the assessment by the AO, dismissing the Assessee's claims of nullity and violation of natural justice. It found the initiation of proceedings under section 147 valid, supported by tangible material and approval by the Ld. Pr. CIT. The Tribunal also upheld the legality of proceedings under section 148 and ruled against the Assessee on issues related to disallowance of capital gain, addition of unexplained cash credit, sustainment of cash addition, and the right to file additional grounds. The Assessee's appeal was dismissed in its entirety. Case-Laws Income Tax Mon, 14 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373717