https://www.taxtmi.com/caselaws?id=63160 The tribunal ruled in favor of the assessee on both issues. It concluded that the amount declared under High Denomination Notes Declaration was part of the cash balance and not undisclosed income. Additionally, the tribunal found the reopening of the assessment to be legally invalid as there was no new information warranting such action. As a result, the tribunal allowed the appeal in part, supporting the assessee's position on both matters. en-us Wed, 23 Mar 1988 00:00:00 +0530 Fri, 28 Jan 2011 11:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63160 The tribunal ruled in favor of the assessee on both issues. It concluded that the amount declared under High Denomination Notes Declaration was part of the cash balance and not undisclosed income. Additionally, the tribunal found the reopening of the assessment to be legally invalid as there was no new information warranting such action. As a result, the tribunal allowed the appeal in part, supporting the assessee's position on both matters. Case-Laws Income Tax Wed, 23 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63160