https://www.taxtmi.com/caselaws?id=423346 The Tribunal partly allowed the appeal, dismissing challenges to jurisdiction under section 147 of the Income Tax Act. It ruled in favor of the appellant regarding the addition of unexplained investments, directing the Assessing Officer to delete the Rs. 10,00,000 addition made for alleged on-money consideration, stating it should have been in the appellant's wife's hands. No specific ruling was provided on the change in interest under section 234B as the decision on unexplained investments made that issue inconsequential. en-us Fri, 20 May 2022 00:00:00 +0530 Sat, 04 Jun 2022 08:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423346 The Tribunal partly allowed the appeal, dismissing challenges to jurisdiction under section 147 of the Income Tax Act. It ruled in favor of the appellant regarding the addition of unexplained investments, directing the Assessing Officer to delete the Rs. 10,00,000 addition made for alleged on-money consideration, stating it should have been in the appellant's wife's hands. No specific ruling was provided on the change in interest under section 234B as the decision on unexplained investments made that issue inconsequential. Case-Laws Income Tax Fri, 20 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423346