https://www.taxtmi.com/caselaws?id=283906 The Tribunal upheld the reassessment order, dismissing the appeal against the de-novo assessment under Section 143(3)/263 of the Income Tax Act. The appellant's challenge to the judgment of the Income Tax Appellate Tribunal was rejected as the reassessment was based on new information, not a mere change of opinion. The Tribunal also disallowed deductions claimed under Section 10AA due to lack of proof of the genuineness of purchases, upheld reassessment based on new evidence of non-genuine transactions, and rejected the appellant's argument regarding failure to cross-examine a key person during assessment proceedings. en-us Tue, 30 Oct 2018 00:00:00 +0530 Mon, 21 Oct 2019 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283906 The Tribunal upheld the reassessment order, dismissing the appeal against the de-novo assessment under Section 143(3)/263 of the Income Tax Act. The appellant's challenge to the judgment of the Income Tax Appellate Tribunal was rejected as the reassessment was based on new information, not a mere change of opinion. The Tribunal also disallowed deductions claimed under Section 10AA due to lack of proof of the genuineness of purchases, upheld reassessment based on new evidence of non-genuine transactions, and rejected the appellant's argument regarding failure to cross-examine a key person during assessment proceedings. Case-Laws Income Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283906