https://www.taxtmi.com/caselaws?id=424262 The Tribunal upheld the reopening of the assessment under section 147 of the Income Tax Act due to the assessee's failure to explain cash deposits. Regarding the addition of Rs. 27,36,810/-, the Tribunal partially allowed the appeal, directing a re-examination of evidence related to a portion of the amount. The Tribunal emphasized the need for thorough verification of evidence provided by the assessee and disagreed with the lower authorities on certain aspects, leading to a partial allowance of the appeal. en-us Thu, 16 Jun 2022 00:00:00 +0530 Fri, 24 Jun 2022 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424262 The Tribunal upheld the reopening of the assessment under section 147 of the Income Tax Act due to the assessee's failure to explain cash deposits. Regarding the addition of Rs. 27,36,810/-, the Tribunal partially allowed the appeal, directing a re-examination of evidence related to a portion of the amount. The Tribunal emphasized the need for thorough verification of evidence provided by the assessee and disagreed with the lower authorities on certain aspects, leading to a partial allowance of the appeal. Case-Laws Income Tax Thu, 16 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424262