https://www.taxtmi.com/caselaws?id=352663 The court recalled the ex-parte dismissal of Tax Appeal No.38 of 2008, restoring it to the original file. It upheld the ITAT's decision to reopen the assessment, emphasizing the partnership firm's explanation of funds received. The court affirmed that the partnership firm adequately proved the source of funds and rejected the department's appeal, highlighting that the Assessing Officer cannot investigate the "source of the source" of funds received by a partnership firm. en-us Thu, 12 Oct 2017 00:00:00 +0530 Wed, 10 Jan 2018 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352663 The court recalled the ex-parte dismissal of Tax Appeal No.38 of 2008, restoring it to the original file. It upheld the ITAT's decision to reopen the assessment, emphasizing the partnership firm's explanation of funds received. The court affirmed that the partnership firm adequately proved the source of funds and rejected the department's appeal, highlighting that the Assessing Officer cannot investigate the "source of the source" of funds received by a partnership firm. Case-Laws Income Tax Thu, 12 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352663