https://www.taxtmi.com/caselaws?id=378981 The reassessments for the assessment years 2008-09 to 2011-12 were held to be time-barred as the Tribunal found the extended deadline for completion had passed. The reopening of assessments under Section 147 was deemed valid due to sufficient material supporting income escapement. However, the additions made under Section 68 were deleted as the Assessing Officer failed to establish a link between the deposits and the assessee. The Tribunal dismissed the Revenue's appeals and allowed the assessee's cross-objections. en-us Wed, 20 Mar 2019 00:00:00 +0530 Wed, 24 Apr 2019 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378981 The reassessments for the assessment years 2008-09 to 2011-12 were held to be time-barred as the Tribunal found the extended deadline for completion had passed. The reopening of assessments under Section 147 was deemed valid due to sufficient material supporting income escapement. However, the additions made under Section 68 were deleted as the Assessing Officer failed to establish a link between the deposits and the assessee. The Tribunal dismissed the Revenue's appeals and allowed the assessee's cross-objections. Case-Laws Income Tax Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378981