https://www.taxtmi.com/highlights?id=41419 Reopening of assessment - source of the cash deposits post demonetization - AO in the reasons recorded has simply kept aside the assessee's explanation for the availability of cash on hand for deposit post demonetization. The reasons thus clearly lacked validity and proceeded on erroneous premise. - Notice for initiation of reassessment proceedings quashed. en-us Fri, 14 Sep 2018 07:49:05 +0530 Fri, 14 Sep 2018 07:49:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=41419 Reopening of assessment - source of the cash deposits post demonetization - AO in the reasons recorded has simply kept aside the assessee's explanation for the availability of cash on hand for deposit post demonetization. The reasons thus clearly lacked validity and proceeded on erroneous premise. - Notice for initiation of reassessment proceedings quashed. Highlights Income Tax Fri, 14 Sep 2018 07:49:05 +0530 https://www.taxtmi.com/highlights?id=41419