https://www.taxtmi.com/caselaws?id=438503 The Tribunal allowed the appeal, annulling the assessment and deleting the addition of Rs.17,80,000 as unexplained income. The judgment emphasized the importance of tangible material for reassessment under section 147 and highlighted the necessity of providing the assessee with incriminating evidence for rebuttal before making additions to the income. en-us Wed, 16 Nov 2022 00:00:00 +0530 Fri, 02 Jun 2023 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438503 The Tribunal allowed the appeal, annulling the assessment and deleting the addition of Rs.17,80,000 as unexplained income. The judgment emphasized the importance of tangible material for reassessment under section 147 and highlighted the necessity of providing the assessee with incriminating evidence for rebuttal before making additions to the income. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438503