https://www.taxtmi.com/caselaws?id=413961 The Tribunal dismissed the challenges to the jurisdiction assumption and validity of the notice under Section 148. It partially allowed the appeal, remanding the opening balance and peak credit issues for further examination. The explanations for deposits by the wife and past savings were rejected. The Tribunal upheld the addition of Rs. 14,97,600 under Section 69A of the Income Tax Act. en-us Thu, 21 Oct 2021 00:00:00 +0530 Tue, 11 Oct 2022 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413961 The Tribunal dismissed the challenges to the jurisdiction assumption and validity of the notice under Section 148. It partially allowed the appeal, remanding the opening balance and peak credit issues for further examination. The explanations for deposits by the wife and past savings were rejected. The Tribunal upheld the addition of Rs. 14,97,600 under Section 69A of the Income Tax Act. Case-Laws Income Tax Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413961