https://www.taxtmi.com/caselaws?id=336555 Additions based on foreign information and alleged statements could not be sustained where the Revenue failed to conduct timely inquiry or obtain corroborative material establishing that the foreign deposits belonged to the deceased assessee. The reopening rested largely on UK-sourced material, but no meaningful investigation was made from available sources, and the delay in acting on the information further weakened the case. In the absence of evidence linking the foreign funds to the assessee, the material was insufficient to justify the assessment additions, which were therefore not restored. en-us Thu, 15 Dec 2016 00:00:00 +0530 Fri, 03 Feb 2017 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336555 Additions based on foreign information and alleged statements could not be sustained where the Revenue failed to conduct timely inquiry or obtain corroborative material establishing that the foreign deposits belonged to the deceased assessee. The reopening rested largely on UK-sourced material, but no meaningful investigation was made from available sources, and the delay in acting on the information further weakened the case. In the absence of evidence linking the foreign funds to the assessee, the material was insufficient to justify the assessment additions, which were therefore not restored. Case-Laws Income Tax Thu, 15 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336555