https://www.taxtmi.com/caselaws?id=427138 The appeal challenged the validity of reopening action under section 148, expansion of proceedings beyond recorded reasons, and the addition of unexplained share capital under section 68. The CIT(A) upheld the reopening based on specific information, expanded proceedings citing previous transactions, and sustained additions due to lack of evidence challenging findings. The Tribunal dismissed the appeal due to the assessee's repeated non-appearance, indicating negligence. Ultimately, the appeal was dismissed as the assessee failed to actively pursue the case despite multiple opportunities. en-us Wed, 31 Aug 2022 00:00:00 +0530 Fri, 02 Sep 2022 08:10:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427138 The appeal challenged the validity of reopening action under section 148, expansion of proceedings beyond recorded reasons, and the addition of unexplained share capital under section 68. The CIT(A) upheld the reopening based on specific information, expanded proceedings citing previous transactions, and sustained additions due to lack of evidence challenging findings. The Tribunal dismissed the appeal due to the assessee's repeated non-appearance, indicating negligence. Ultimately, the appeal was dismissed as the assessee failed to actively pursue the case despite multiple opportunities. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427138