https://www.taxtmi.com/caselaws?id=433105 The Tribunal partially allowed the appeal, reducing the unexplained income from Rs. 10,38,785/- to Rs. 4,88,785/- after considering the assessee's explanations and granting additional relief. The challenge to the validity of reopening under Section 147/148 of the Income Tax Act was rejected due to procedural lapses by the assessee. The judgment underscores the significance of presenting compelling evidence and adhering to procedural norms in tax assessments. en-us Mon, 16 Jan 2023 00:00:00 +0530 Sat, 21 Jan 2023 08:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433105 The Tribunal partially allowed the appeal, reducing the unexplained income from Rs. 10,38,785/- to Rs. 4,88,785/- after considering the assessee's explanations and granting additional relief. The challenge to the validity of reopening under Section 147/148 of the Income Tax Act was rejected due to procedural lapses by the assessee. The judgment underscores the significance of presenting compelling evidence and adhering to procedural norms in tax assessments. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433105