https://www.taxtmi.com/caselaws?id=431899 The Tribunal upheld the addition of Rs.3,00,000 towards commission income, based on the nature of transactions in the bank account. The appeal challenging the reopening of assessment proceedings under section 147 of the Income Tax Act, 1961 was dismissed, affirming the validity of the reopening. The Tribunal ruled in favor of the Department, confirming the addition of undisclosed income towards commission income and emphasizing that the decision was specific to the case at hand and should not be considered a precedent for similar cases. en-us Wed, 21 Dec 2022 00:00:00 +0530 Thu, 22 Dec 2022 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431899 The Tribunal upheld the addition of Rs.3,00,000 towards commission income, based on the nature of transactions in the bank account. The appeal challenging the reopening of assessment proceedings under section 147 of the Income Tax Act, 1961 was dismissed, affirming the validity of the reopening. The Tribunal ruled in favor of the Department, confirming the addition of undisclosed income towards commission income and emphasizing that the decision was specific to the case at hand and should not be considered a precedent for similar cases. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431899