https://www.taxtmi.com/caselaws?id=398135 The Tribunal upheld the validity of the assessment reopening and notice issuance under Section 148. The addition of Rs. 9,19,000 as unexplained cash deposits was sent back to the Assessing Officer for verification. The penalty under Section 271F was canceled due to the assessee's reasonable cause. The appeal on the addition was partially allowed for statistical purposes, and the penalty appeal was allowed. en-us Wed, 02 Sep 2020 00:00:00 +0530 Mon, 07 Sep 2020 10:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398135 The Tribunal upheld the validity of the assessment reopening and notice issuance under Section 148. The addition of Rs. 9,19,000 as unexplained cash deposits was sent back to the Assessing Officer for verification. The penalty under Section 271F was canceled due to the assessee's reasonable cause. The appeal on the addition was partially allowed for statistical purposes, and the penalty appeal was allowed. Case-Laws Income Tax Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398135