https://www.taxtmi.com/caselaws?id=430200 The Tribunal partly allowed the appeal by the assessee. It upheld the reopening of the assessment under Section 147 but deleted the addition of Rs. 32,04,000. The Tribunal remitted the additions of Rs. 17,00,000 and Rs. 6,64,180 back to the Assessing Officer for fresh examination, emphasizing the requirement of a rational connection between the material and the formation of belief by the AO. en-us Fri, 11 Nov 2022 00:00:00 +0530 Mon, 14 Nov 2022 09:02:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430200 The Tribunal partly allowed the appeal by the assessee. It upheld the reopening of the assessment under Section 147 but deleted the addition of Rs. 32,04,000. The Tribunal remitted the additions of Rs. 17,00,000 and Rs. 6,64,180 back to the Assessing Officer for fresh examination, emphasizing the requirement of a rational connection between the material and the formation of belief by the AO. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430200