https://www.taxtmi.com/caselaws?id=413819 The Tribunal held that the assessment order dispatched within the prescribed period under section 144 of the Income Tax Act was valid, rejecting the appellant's contention of exceeding the limitation period. Regarding the addition under section 68 of the Act amounting to Rs. 17,11,500 for cash deposits, the Tribunal granted the assessee an opportunity to substantiate the source, remanding the matter for further examination by the Assessing Officer. The appeal was partially allowed for statistical purposes, emphasizing the need for cooperation with the Assessing Officer in proving the source of cash deposits. en-us Mon, 11 Oct 2021 00:00:00 +0530 Thu, 21 Oct 2021 08:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413819 The Tribunal held that the assessment order dispatched within the prescribed period under section 144 of the Income Tax Act was valid, rejecting the appellant's contention of exceeding the limitation period. Regarding the addition under section 68 of the Act amounting to Rs. 17,11,500 for cash deposits, the Tribunal granted the assessee an opportunity to substantiate the source, remanding the matter for further examination by the Assessing Officer. The appeal was partially allowed for statistical purposes, emphasizing the need for cooperation with the Assessing Officer in proving the source of cash deposits. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413819