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2015 (10) TMI 2725 - AT - Income TaxReopening of assessment - undisclosed investments u/s. 69 - Held that:- No doubt the assessee contended before the Tribunal that the notices were issued without mentioning the reason for reopening and though it was submitted that some of the shares mentioned by Mr. Mukesh Choksi were not purchased by the assessees-herein but the fact remains that no material whatsoever was furnished before the Tribunal to cross verify the statement of assessees-herein. No other alternative except to uphold the orders passed by learned CIT(A). - Decided against assessee.
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