https://www.taxtmi.com/caselaws?id=384516 The Tribunal upheld the validity of the reassessment under section 147 based on the self-declaration made by the assessee regarding unaccounted service charges. Additionally, the Tribunal supported the Commissioner's directive for a thorough investigation into the share capital and premium received by the assessee, finding the original assessment lacking in proper inquiry. The Tribunal affirmed the Commissioner's order under section 263, citing precedent and dismissing the assessee's challenge. Ultimately, the appeal of the assessee was dismissed, and the orders regarding reassessment and examination of share capital were upheld. en-us Fri, 09 Aug 2019 00:00:00 +0530 Fri, 03 Jul 2026 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384516 The Tribunal upheld the validity of the reassessment under section 147 based on the self-declaration made by the assessee regarding unaccounted service charges. Additionally, the Tribunal supported the Commissioner's directive for a thorough investigation into the share capital and premium received by the assessee, finding the original assessment lacking in proper inquiry. The Tribunal affirmed the Commissioner's order under section 263, citing precedent and dismissing the assessee's challenge. Ultimately, the appeal of the assessee was dismissed, and the orders regarding reassessment and examination of share capital were upheld. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384516