https://www.taxtmi.com/caselaws?id=391158 The Tribunal upheld the assessment order and additions made by the Assessing Officer, dismissing the appeal. It found the transactions in shares to be bogus, aimed at converting unaccounted income into exempt income. The AO's actions were deemed legally valid, with a thorough investigation and adherence to natural justice principles. Charging of interest under relevant sections was upheld as consequential to the income additions. The appeal was dismissed entirely. en-us Thu, 02 Jan 2020 00:00:00 +0530 Tue, 21 Jan 2020 08:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391158 The Tribunal upheld the assessment order and additions made by the Assessing Officer, dismissing the appeal. It found the transactions in shares to be bogus, aimed at converting unaccounted income into exempt income. The AO's actions were deemed legally valid, with a thorough investigation and adherence to natural justice principles. Charging of interest under relevant sections was upheld as consequential to the income additions. The appeal was dismissed entirely. Case-Laws Income Tax Thu, 02 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391158