https://www.taxtmi.com/caselaws?id=423561 The Tribunal upheld the assessment order under sections 143(3) and 147 of the Income Tax Act, dismissing the appellant's challenges regarding the legality of the assessment, lack of invoking section 153C, borrowed information, discrepancy in income, jurisdictional errors, permission under section 151, lump sum addition, classification as a conduit/shell company, legality considering accepted investments, non-invocation of section 145, consistency with income declarations, reasonable opportunity provided, and charging of interest. The appeal was dismissed, and the AO's addition of Rs. 1,61,45,000/- was upheld. en-us Tue, 24 May 2022 00:00:00 +0530 Wed, 08 Jun 2022 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423561 The Tribunal upheld the assessment order under sections 143(3) and 147 of the Income Tax Act, dismissing the appellant's challenges regarding the legality of the assessment, lack of invoking section 153C, borrowed information, discrepancy in income, jurisdictional errors, permission under section 151, lump sum addition, classification as a conduit/shell company, legality considering accepted investments, non-invocation of section 145, consistency with income declarations, reasonable opportunity provided, and charging of interest. The appeal was dismissed, and the AO's addition of Rs. 1,61,45,000/- was upheld. Case-Laws Income Tax Tue, 24 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423561