https://www.taxtmi.com/caselaws?id=407150 The Tribunal upheld the reopening of the assessment under sections 147/148 of the I.T. Act, 1961. However, it ruled in favor of the assessee by deleting the additions of Rs. 45 lakhs under section 68 and Rs. 90,000 under section 69C. The Tribunal found insufficient justification for these additions due to lack of evidence provided by the assessee and the inability to cross-examine key statements used by the Assessing Officer. en-us Fri, 30 Apr 2021 00:00:00 +0530 Thu, 03 Mar 2022 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407150 The Tribunal upheld the reopening of the assessment under sections 147/148 of the I.T. Act, 1961. However, it ruled in favor of the assessee by deleting the additions of Rs. 45 lakhs under section 68 and Rs. 90,000 under section 69C. The Tribunal found insufficient justification for these additions due to lack of evidence provided by the assessee and the inability to cross-examine key statements used by the Assessing Officer. Case-Laws Income Tax Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407150