https://www.taxtmi.com/caselaws?id=395351 The tribunal upheld the jurisdiction of the Assessing Officer under sections 147/151 of the IT Act, 1961 for reopening assessment, despite the appellant's challenges regarding the lack of tangible material and the validity of the approval by the Principal Commissioner of Income Tax. The tribunal emphasized the appellant's failure to adequately explain errors in the client code modification, leading to the addition of income based on alleged diversion without tangible evidence. The appeal was dismissed, affirming the assessment order and the decision of the CIT(A) regarding the income addition. en-us Tue, 12 May 2020 00:00:00 +0530 Mon, 18 May 2020 12:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395351 The tribunal upheld the jurisdiction of the Assessing Officer under sections 147/151 of the IT Act, 1961 for reopening assessment, despite the appellant's challenges regarding the lack of tangible material and the validity of the approval by the Principal Commissioner of Income Tax. The tribunal emphasized the appellant's failure to adequately explain errors in the client code modification, leading to the addition of income based on alleged diversion without tangible evidence. The appeal was dismissed, affirming the assessment order and the decision of the CIT(A) regarding the income addition. Case-Laws Income Tax Tue, 12 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395351