https://www.taxtmi.com/highlights?id=29846 Reopening of assessment - The source of expenditure in question was very much available since in the reasons recorded itself, the Assessing Officer points out that the purchases were made by making cheque payments. Section 69C of the Act therefore has no applicability - reassessment quashed - HC en-us Tue, 21 Jun 2016 11:32:45 +0530 Tue, 21 Jun 2016 11:32:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29846 Reopening of assessment - The source of expenditure in question was very much available since in the reasons recorded itself, the Assessing Officer points out that the purchases were made by making cheque payments. Section 69C of the Act therefore has no applicability - reassessment quashed - HC Highlights Income Tax Tue, 21 Jun 2016 11:32:45 +0530 https://www.taxtmi.com/highlights?id=29846