https://www.taxtmi.com/caselaws?id=377839 The Tribunal upheld the validity of the reassessment proceedings under sections 147/148 of the IT Act, dismissing the legal ground raised by the assessee. However, the addition of Rs. 30 lacs to the assessee's income under Section 68 was remanded for fresh consideration by the AO, as the Tribunal directed verification of assessment records of the share applicant and allowed the grounds raised by the assessee on merit for statistical purposes. en-us Mon, 01 Apr 2019 00:00:00 +0530 Wed, 03 Apr 2019 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377839 The Tribunal upheld the validity of the reassessment proceedings under sections 147/148 of the IT Act, dismissing the legal ground raised by the assessee. However, the addition of Rs. 30 lacs to the assessee's income under Section 68 was remanded for fresh consideration by the AO, as the Tribunal directed verification of assessment records of the share applicant and allowed the grounds raised by the assessee on merit for statistical purposes. Case-Laws Income Tax Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377839