https://www.taxtmi.com/caselaws?id=427209 The Tribunal upheld the validity of reassessment proceedings under Section 147/148 of the Income Tax Act, dismissing the contention that proceedings should have been under Section 153C. The addition under Section 68 was upheld due to lack of evidence to counter lower authorities' findings. The Tribunal implicitly resolved the issue of interest charged under various sections in favor of the Revenue. The general contention that the order was contrary to facts, law, and principles of natural justice was rejected. The appeal was dismissed entirely. en-us Wed, 31 Aug 2022 00:00:00 +0530 Fri, 02 Sep 2022 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427209 The Tribunal upheld the validity of reassessment proceedings under Section 147/148 of the Income Tax Act, dismissing the contention that proceedings should have been under Section 153C. The addition under Section 68 was upheld due to lack of evidence to counter lower authorities' findings. The Tribunal implicitly resolved the issue of interest charged under various sections in favor of the Revenue. The general contention that the order was contrary to facts, law, and principles of natural justice was rejected. The appeal was dismissed entirely. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427209