https://www.taxtmi.com/caselaws?id=399377 The tribunal partly allowed the Assessee's appeal challenging the validity of reassessment proceedings under section 147. The tribunal dismissed the legal grounds related to the lack of valid notice under section 148 not pressed during the hearing. The tribunal emphasized the importance of documentary evidence and adherence to proper banking channels, ultimately leading to the deletion of the disputed addition under section 68 for a loan received and repaid by cheque. en-us Tue, 29 Sep 2020 00:00:00 +0530 Fri, 09 Oct 2020 14:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399377 The tribunal partly allowed the Assessee's appeal challenging the validity of reassessment proceedings under section 147. The tribunal dismissed the legal grounds related to the lack of valid notice under section 148 not pressed during the hearing. The tribunal emphasized the importance of documentary evidence and adherence to proper banking channels, ultimately leading to the deletion of the disputed addition under section 68 for a loan received and repaid by cheque. Case-Laws Income Tax Tue, 29 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399377