https://www.taxtmi.com/caselaws?id=310023 The ITAT upheld the CIT's initiation of proceedings under section 263 for the assessment year 2005-06, directing the addition of amounts related to unexplained loan and share capital by the private limited company. The ITAT modified the direction to grant the assessee an opportunity to be heard and submit details, partially allowing the appeal against the CIT's order under section 263. en-us Fri, 27 May 2011 00:00:00 +0530 Tue, 03 Oct 2023 18:09:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310023 The ITAT upheld the CIT's initiation of proceedings under section 263 for the assessment year 2005-06, directing the addition of amounts related to unexplained loan and share capital by the private limited company. The ITAT modified the direction to grant the assessee an opportunity to be heard and submit details, partially allowing the appeal against the CIT's order under section 263. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310023