https://www.taxtmi.com/caselaws?id=278560 The Tribunal upheld the validity of reopening the assessment under Section 147, the addition of Rs. 1,22,24,800/- as unexplained investment, and the assessment year for the addition. It found the AO justified in invoking Section 147 instead of Section 153C, rejecting the argument that the proceedings should have been initiated under the latter. The Tribunal emphasized that the document seized pertained to the assessee, allowing the AO to proceed under Section 147. The appeal of the assessee was dismissed. en-us Fri, 31 Aug 2018 00:00:00 +0530 Tue, 12 Feb 2019 07:03:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278560 The Tribunal upheld the validity of reopening the assessment under Section 147, the addition of Rs. 1,22,24,800/- as unexplained investment, and the assessment year for the addition. It found the AO justified in invoking Section 147 instead of Section 153C, rejecting the argument that the proceedings should have been initiated under the latter. The Tribunal emphasized that the document seized pertained to the assessee, allowing the AO to proceed under Section 147. The appeal of the assessee was dismissed. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278560