https://www.taxtmi.com/caselaws?id=385833 The Tribunal upheld the legality of the assessment reopening under sections 147/148 of the Income Tax Act, 1961, based on information from the Investigation Wing. The Tribunal found the reasons for reopening to be valid, supported by material seized during search proceedings. Additionally, the Tribunal upheld the disallowance of the deduction claimed under section 54 for the purchase of a residential house, citing discrepancies in evidence and the alleged forged nature of the Agreement to Sell. The assessee's appeal was dismissed, and the order was issued on March 20, 2019. en-us Wed, 20 Mar 2019 00:00:00 +0530 Sat, 14 Sep 2019 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385833 The Tribunal upheld the legality of the assessment reopening under sections 147/148 of the Income Tax Act, 1961, based on information from the Investigation Wing. The Tribunal found the reasons for reopening to be valid, supported by material seized during search proceedings. Additionally, the Tribunal upheld the disallowance of the deduction claimed under section 54 for the purchase of a residential house, citing discrepancies in evidence and the alleged forged nature of the Agreement to Sell. The assessee's appeal was dismissed, and the order was issued on March 20, 2019. Case-Laws Income Tax Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385833