https://www.taxtmi.com/caselaws?id=377829 The Tribunal upheld the initiation of reassessment proceedings under section 147, confirming the assessment order under section 143(3) r.w.s. 147. It also upheld the rejection of books of accounts under section 145 and additions of bogus non-genuine expenditure under section 69C. The disallowance of unsecured loans and commission/brokerage was upheld. Partial relief was granted regarding expenses attributed to exempt income under section 14A r.w.r. 8D. The Tribunal did not provide relief on the charging of interest under sections 234A, 234B, 234C, and 234D, and initiation of penalty proceedings under section 274 r.w.s. 271(l)(c). en-us Wed, 27 Mar 2019 00:00:00 +0530 Wed, 03 Apr 2019 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377829 The Tribunal upheld the initiation of reassessment proceedings under section 147, confirming the assessment order under section 143(3) r.w.s. 147. It also upheld the rejection of books of accounts under section 145 and additions of bogus non-genuine expenditure under section 69C. The disallowance of unsecured loans and commission/brokerage was upheld. Partial relief was granted regarding expenses attributed to exempt income under section 14A r.w.r. 8D. The Tribunal did not provide relief on the charging of interest under sections 234A, 234B, 234C, and 234D, and initiation of penalty proceedings under section 274 r.w.s. 271(l)(c). Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377829