https://www.taxtmi.com/highlights?id=44767 Reopening of assessment - The duty of the assessee is to disclose the bank statements for the relevant year, which it did. As to what inferences are to be drawn for the previous years is not within the remit of the AO and consequently of no relevance whatsoever at least in considering whether to issue or not to issue reassessment notice, on just cash intensive transactions; clearly, this reason is vague and unjustified en-us Wed, 27 Feb 2019 11:51:02 +0530 Wed, 27 Feb 2019 11:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44767 Reopening of assessment - The duty of the assessee is to disclose the bank statements for the relevant year, which it did. As to what inferences are to be drawn for the previous years is not within the remit of the AO and consequently of no relevance whatsoever at least in considering whether to issue or not to issue reassessment notice, on just cash intensive transactions; clearly, this reason is vague and unjustified Highlights Income Tax Wed, 27 Feb 2019 11:51:02 +0530 https://www.taxtmi.com/highlights?id=44767