https://www.taxtmi.com/caselaws?id=434289 The Tribunal partly allowed the appeal, upholding the validity of the reassessment under section 147 of the Income Tax Act, 1961. It affirmed the relief granted by the CIT(A) regarding cash deposits and profit estimation at 3.5%. The Tribunal dismissed the challenge on interest liability under section 234B as a consequential matter. Certain grounds of appeal were deemed general and not needing specific adjudication. The decision was rendered on 16th February 2023. en-us Thu, 16 Feb 2023 00:00:00 +0530 Tue, 21 Feb 2023 08:39:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434289 The Tribunal partly allowed the appeal, upholding the validity of the reassessment under section 147 of the Income Tax Act, 1961. It affirmed the relief granted by the CIT(A) regarding cash deposits and profit estimation at 3.5%. The Tribunal dismissed the challenge on interest liability under section 234B as a consequential matter. Certain grounds of appeal were deemed general and not needing specific adjudication. The decision was rendered on 16th February 2023. Case-Laws Income Tax Thu, 16 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434289