https://www.taxtmi.com/caselaws?id=393538 The Tribunal upheld the CIT (A)'s decisions in the case, confirming the validity of the notice served under section 148 of the Income Tax Act through affixture. It was determined that the assessing officer had jurisdiction over the assessee based on the address in the registered sale deed. The initiation of proceedings under section 147/148 was deemed justified due to the unfiled return of income despite a significant property purchase. Additionally, the addition of Rs. 54,79,710 as unexplained investment was upheld, rejecting the claim of no consideration payment for the property, with the registered sale deed deemed sufficient evidence of payment. en-us Tue, 18 Feb 2020 00:00:00 +0530 Wed, 18 Mar 2020 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393538 The Tribunal upheld the CIT (A)'s decisions in the case, confirming the validity of the notice served under section 148 of the Income Tax Act through affixture. It was determined that the assessing officer had jurisdiction over the assessee based on the address in the registered sale deed. The initiation of proceedings under section 147/148 was deemed justified due to the unfiled return of income despite a significant property purchase. Additionally, the addition of Rs. 54,79,710 as unexplained investment was upheld, rejecting the claim of no consideration payment for the property, with the registered sale deed deemed sufficient evidence of payment. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393538