https://www.taxtmi.com/caselaws?id=400843 The Tribunal set aside the lower authorities' orders and deleted the addition of Rs. 7,67,500 in a case concerning the reopening of assessment under sections 147/148 of the I.T. Act, 1961. The Tribunal found the Assessing Officer's estimation of unexplained investment unjustified as the actual investment in the property was lower than initially considered, leading to the allowance of the assessee's appeal. en-us Wed, 21 Oct 2020 00:00:00 +0530 Fri, 20 Nov 2020 13:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400843 The Tribunal set aside the lower authorities' orders and deleted the addition of Rs. 7,67,500 in a case concerning the reopening of assessment under sections 147/148 of the I.T. Act, 1961. The Tribunal found the Assessing Officer's estimation of unexplained investment unjustified as the actual investment in the property was lower than initially considered, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Wed, 21 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400843