https://www.taxtmi.com/caselaws?id=290346 The Tribunal upheld the validity of reopening the assessment under Section 147 of the Income Tax Act. However, it set aside the addition of Rs. 1,01,000/- under Section 68 and remitted the matter back to the Assessing Officer for fresh consideration, directing that the assessee be given an opportunity to produce the donor and cross-examine a relevant individual. The issue of charging interest under Sections 234A, 234B, and 234C was not adjudicated due to lack of argument from the assessee. The appeal was allowed in part. en-us Tue, 25 Oct 2011 00:00:00 +0530 Wed, 29 Mar 2023 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290346 The Tribunal upheld the validity of reopening the assessment under Section 147 of the Income Tax Act. However, it set aside the addition of Rs. 1,01,000/- under Section 68 and remitted the matter back to the Assessing Officer for fresh consideration, directing that the assessee be given an opportunity to produce the donor and cross-examine a relevant individual. The issue of charging interest under Sections 234A, 234B, and 234C was not adjudicated due to lack of argument from the assessee. The appeal was allowed in part. Case-Laws Income Tax Tue, 25 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290346