https://www.taxtmi.com/caselaws?id=430961 The tribunal upheld the validity of the reopening under section 147 of the Income Tax Act, as well as the additions of unexplained investment in IDBI Bank and unexplained credits in the State Bank of India account. The assessee failed to provide sufficient evidence or explanations to challenge the reassessment and additions, leading to the dismissal of the appeal. en-us Wed, 30 Nov 2022 00:00:00 +0530 Thu, 01 Dec 2022 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430961 The tribunal upheld the validity of the reopening under section 147 of the Income Tax Act, as well as the additions of unexplained investment in IDBI Bank and unexplained credits in the State Bank of India account. The assessee failed to provide sufficient evidence or explanations to challenge the reassessment and additions, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430961