https://www.taxtmi.com/highlights?id=62917 Validity of reopening of assessment u/s 147 - Unexplained cash deposit in the bank account - Apparently, the explanation given by the assessee has been rejected without assigning any reason. To our mind, if the assessee's explanation of having the opening cash in hand was to be disbelieved, there should have been cogent reasoning behind the same. - the lower authorities had no justifiable reason to make the addition - AT en-us Thu, 14 Apr 2022 13:18:39 +0530 Thu, 14 Apr 2022 13:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62917 Validity of reopening of assessment u/s 147 - Unexplained cash deposit in the bank account - Apparently, the explanation given by the assessee has been rejected without assigning any reason. To our mind, if the assessee's explanation of having the opening cash in hand was to be disbelieved, there should have been cogent reasoning behind the same. - the lower authorities had no justifiable reason to make the addition - AT Highlights Income Tax Thu, 14 Apr 2022 13:18:39 +0530 https://www.taxtmi.com/highlights?id=62917