https://www.taxtmi.com/caselaws?id=279546 The Appellate Tribunal at Ahmedabad invalidated the reopening of assessment under Section 147 of the Income Tax Act, as the Assessing Officer lacked sufficient material to establish income escapement, thereby quashing the reassessment proceedings. Consequently, the challenge regarding the addition of unexplained cash deposits in an undisclosed bank account was deemed irrelevant, leading to the allowance of the assessee's appeal. en-us Thu, 01 Nov 2018 00:00:00 +0530 Sun, 24 Mar 2019 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279546 The Appellate Tribunal at Ahmedabad invalidated the reopening of assessment under Section 147 of the Income Tax Act, as the Assessing Officer lacked sufficient material to establish income escapement, thereby quashing the reassessment proceedings. Consequently, the challenge regarding the addition of unexplained cash deposits in an undisclosed bank account was deemed irrelevant, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279546