https://www.taxtmi.com/caselaws?id=425705 The Tribunal upheld the validity of reopening the assessment under Section 147 based on tangible material from a CBI investigation. The Tribunal confirmed the disallowance of expenditure by adopting an estimated G.P. ratio and reinstated additions under Section 68 for unexplained loan liabilities from related parties. The appeal of the assessee was dismissed, and the order was pronounced on 26.07.2022. en-us Tue, 26 Jul 2022 00:00:00 +0530 Fri, 29 Jul 2022 09:15:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425705 The Tribunal upheld the validity of reopening the assessment under Section 147 based on tangible material from a CBI investigation. The Tribunal confirmed the disallowance of expenditure by adopting an estimated G.P. ratio and reinstated additions under Section 68 for unexplained loan liabilities from related parties. The appeal of the assessee was dismissed, and the order was pronounced on 26.07.2022. Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425705