https://www.taxtmi.com/caselaws?id=424100 The Tribunal upheld the reassessment under section 147 for the Assessment Year 2011-12, adding Rs.20,00,000 as unexplained cash credits due to the appellant's failure to prove the sources of cash deposits. The Tribunal emphasized the importance of substantiating the origins of the funds and addressed the procedural issue of delayed reasons for reopening the case, providing guidance for future proceedings. en-us Wed, 08 Jun 2022 00:00:00 +0530 Wed, 22 Jun 2022 09:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424100 The Tribunal upheld the reassessment under section 147 for the Assessment Year 2011-12, adding Rs.20,00,000 as unexplained cash credits due to the appellant's failure to prove the sources of cash deposits. The Tribunal emphasized the importance of substantiating the origins of the funds and addressed the procedural issue of delayed reasons for reopening the case, providing guidance for future proceedings. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424100