https://www.taxtmi.com/caselaws?id=419791 The Tribunal upheld the reopening of the assessment under Section 148, finding that the AO had valid reasons to believe income had escaped assessment. On merits, the Tribunal determined that the transactions were not genuine and upheld the addition made by the AO. Consequently, the appeal of the assessee was dismissed. en-us Tue, 04 Jan 2022 00:00:00 +0530 Sat, 19 Mar 2022 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419791 The Tribunal upheld the reopening of the assessment under Section 148, finding that the AO had valid reasons to believe income had escaped assessment. On merits, the Tribunal determined that the transactions were not genuine and upheld the addition made by the AO. Consequently, the appeal of the assessee was dismissed. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419791