https://www.taxtmi.com/caselaws?id=421194 The Tribunal dismissed the grounds raised by the assessee regarding the reopening of assessment under section 147 of the Income Tax Act, 1961. However, on the merits of the case, the Tribunal ruled in favor of the assessee, deleting additions made for unexplained cash deposits and opening cash balance. The Tribunal partly allowed both appeals filed by the assessee, concluding in favor of the assessee on the merits while upholding the reopening of assessment. en-us Tue, 12 Apr 2022 00:00:00 +0530 Tue, 19 Apr 2022 08:54:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421194 The Tribunal dismissed the grounds raised by the assessee regarding the reopening of assessment under section 147 of the Income Tax Act, 1961. However, on the merits of the case, the Tribunal ruled in favor of the assessee, deleting additions made for unexplained cash deposits and opening cash balance. The Tribunal partly allowed both appeals filed by the assessee, concluding in favor of the assessee on the merits while upholding the reopening of assessment. Case-Laws Income Tax Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421194