https://www.taxtmi.com/caselaws?id=385417 The Tribunal ruled in favor of the appellant in a case challenging the re-opening of assessment under section 147, citing lack of proper jurisdiction and reasoning by the Assessing Officer. The Tribunal emphasized the importance of providing relevant statements for cross-examination and allowing objections to reassessment proceedings. Additionally, the Tribunal overturned the addition of capital investment as bogus share application money, stating the onus of proof had been discharged. The levy of interest under sections 244A and 234B was also contested and ruled in favor of the appellant, granting relief on technical grounds. en-us Wed, 26 Jun 2019 00:00:00 +0530 Thu, 05 Sep 2019 07:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385417 The Tribunal ruled in favor of the appellant in a case challenging the re-opening of assessment under section 147, citing lack of proper jurisdiction and reasoning by the Assessing Officer. The Tribunal emphasized the importance of providing relevant statements for cross-examination and allowing objections to reassessment proceedings. Additionally, the Tribunal overturned the addition of capital investment as bogus share application money, stating the onus of proof had been discharged. The levy of interest under sections 244A and 234B was also contested and ruled in favor of the appellant, granting relief on technical grounds. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385417