https://www.taxtmi.com/caselaws?id=395510 The Tribunal upheld the Assessing Officer's actions in reopening the assessment based on unexplained cash deposits in the assessee's bank account. While certain cash deposits were explained by professional income and opening cash balance, the Tribunal directed verification of receipts from a partnership firm. The Tribunal emphasized the importance of authenticated ledger accounts and PAN details for verification purposes. The Tribunal accepted explanations for some cash deposits but required further verification for specific amounts, stressing the need for authentic documentation and explanations for all income sources. en-us Tue, 19 May 2020 00:00:00 +0530 Tue, 26 May 2020 13:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395510 The Tribunal upheld the Assessing Officer's actions in reopening the assessment based on unexplained cash deposits in the assessee's bank account. While certain cash deposits were explained by professional income and opening cash balance, the Tribunal directed verification of receipts from a partnership firm. The Tribunal emphasized the importance of authenticated ledger accounts and PAN details for verification purposes. The Tribunal accepted explanations for some cash deposits but required further verification for specific amounts, stressing the need for authentic documentation and explanations for all income sources. Case-Laws Income Tax Tue, 19 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395510