https://www.taxtmi.com/caselaws?id=423345 The Appellate Tribunal upheld the validity of the assessment reopening under Section 147 of the Income Tax Act, citing tangible material available to the Assessing Officer. The Tribunal dismissed the grounds challenging the reopening raised by the assessee. Regarding the genuineness of the loss claimed in share transactions, the Tribunal found the assessee failed to provide conclusive evidence supporting the claim and upheld the decision of the Commissioner (Appeals). Consequently, the appeal was dismissed by the Tribunal on 19th May 2022. en-us Thu, 19 May 2022 00:00:00 +0530 Sat, 04 Jun 2022 08:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423345 The Appellate Tribunal upheld the validity of the assessment reopening under Section 147 of the Income Tax Act, citing tangible material available to the Assessing Officer. The Tribunal dismissed the grounds challenging the reopening raised by the assessee. Regarding the genuineness of the loss claimed in share transactions, the Tribunal found the assessee failed to provide conclusive evidence supporting the claim and upheld the decision of the Commissioner (Appeals). Consequently, the appeal was dismissed by the Tribunal on 19th May 2022. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423345