https://www.taxtmi.com/caselaws?id=419849 The Tribunal upheld the validity of the reassessment proceedings under Section 147 but deleted the addition of Rs. 32,72,380 as income from undisclosed sources. The Tribunal found that the assessee adequately explained that the bank account where the cash deposits were made was operated by his employer, supported by evidence and an affidavit. The revenue authorities were directed to make further inquiries from the employer and the bank, as the assessee had discharged his burden of proof. en-us Thu, 10 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 08:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419849 The Tribunal upheld the validity of the reassessment proceedings under Section 147 but deleted the addition of Rs. 32,72,380 as income from undisclosed sources. The Tribunal found that the assessee adequately explained that the bank account where the cash deposits were made was operated by his employer, supported by evidence and an affidavit. The revenue authorities were directed to make further inquiries from the employer and the bank, as the assessee had discharged his burden of proof. Case-Laws Income Tax Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419849