https://www.taxtmi.com/caselaws?id=412743 The Tribunal upheld the reopening of assessment under section 148, dismissing challenges against it. Regarding the addition to the capital account of partners during reassessment, the Tribunal directed the CIT(A) to conduct a thorough verification of accounts and issue a speaking order considering all evidence. The appeal was allowed for statistical purposes, emphasizing the importance of detailed examination and proper consideration of evidence in reassessment proceedings. en-us Tue, 21 Sep 2021 00:00:00 +0530 Sat, 25 Sep 2021 09:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412743 The Tribunal upheld the reopening of assessment under section 148, dismissing challenges against it. Regarding the addition to the capital account of partners during reassessment, the Tribunal directed the CIT(A) to conduct a thorough verification of accounts and issue a speaking order considering all evidence. The appeal was allowed for statistical purposes, emphasizing the importance of detailed examination and proper consideration of evidence in reassessment proceedings. Case-Laws Income Tax Tue, 21 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412743