https://www.taxtmi.com/caselaws?id=293045 The Tribunal dismissed the assessee's appeal, affirming the CIT(A)'s findings. It upheld the validity of assessment proceedings despite non-service claims under section 143(2), and confirmed additions of Rs. 17,91,73,500 as unexplained credit and income from M/s. Samyak Projects Ltd. The Tribunal rejected double taxation allegations and confirmed the taxability of Rs. 35,91,73,500 from property rights extinguishment. Additions of Rs. 2,84,88,000 and Rs. 45,00,000 as unexplained cash credits were also upheld. The Tribunal found the assessments and additions by the Assessing Officer to be valid and justified, supporting the CIT(A)'s conclusions on all grounds. en-us Mon, 16 Dec 2019 00:00:00 +0530 Wed, 13 Nov 2024 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293045 The Tribunal dismissed the assessee's appeal, affirming the CIT(A)'s findings. It upheld the validity of assessment proceedings despite non-service claims under section 143(2), and confirmed additions of Rs. 17,91,73,500 as unexplained credit and income from M/s. Samyak Projects Ltd. The Tribunal rejected double taxation allegations and confirmed the taxability of Rs. 35,91,73,500 from property rights extinguishment. Additions of Rs. 2,84,88,000 and Rs. 45,00,000 as unexplained cash credits were also upheld. The Tribunal found the assessments and additions by the Assessing Officer to be valid and justified, supporting the CIT(A)'s conclusions on all grounds. Case-Laws Income Tax Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293045