https://www.taxtmi.com/caselaws?id=430783 The Tribunal dismissed the appeal, upholding the assessment order and the addition of Rs. 16,56,000/-. It found that the Assessing Officer followed due process, conducted proper inquiries, and the appellant failed to provide satisfactory evidence for cash deposits and gifts received. The Tribunal rejected claims of premature order, lack of revenue proceedings, and violation of constitutional rights, affirming that proceedings were conducted lawfully. Penalty proceedings were deemed valid, and interest on reassessed income was upheld. en-us Fri, 25 Nov 2022 00:00:00 +0530 Mon, 28 Nov 2022 10:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430783 The Tribunal dismissed the appeal, upholding the assessment order and the addition of Rs. 16,56,000/-. It found that the Assessing Officer followed due process, conducted proper inquiries, and the appellant failed to provide satisfactory evidence for cash deposits and gifts received. The Tribunal rejected claims of premature order, lack of revenue proceedings, and violation of constitutional rights, affirming that proceedings were conducted lawfully. Penalty proceedings were deemed valid, and interest on reassessed income was upheld. Case-Laws Income Tax Fri, 25 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430783