https://www.taxtmi.com/caselaws?id=443712 The Tribunal upheld the validity of the reopening of assessment under Section 147 of the Income Tax Act, confirming the restricted addition for unexplained investment in agricultural land while deleting the addition made by the Assessing Officer based on an unexecuted MOU. The Tribunal found no violation of Rule 46A of the Income Tax Rules and dismissed the Revenue's appeal while partially allowing the Assessee's appeal. en-us Tue, 26 Sep 2023 00:00:00 +0530 Sat, 30 Sep 2023 08:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443712 The Tribunal upheld the validity of the reopening of assessment under Section 147 of the Income Tax Act, confirming the restricted addition for unexplained investment in agricultural land while deleting the addition made by the Assessing Officer based on an unexecuted MOU. The Tribunal found no violation of Rule 46A of the Income Tax Rules and dismissed the Revenue's appeal while partially allowing the Assessee's appeal. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443712