https://www.taxtmi.com/highlights?id=65667 Reopening of assessment u/s 147 - cash deposits during demonetization period - in view of the allegation of cash deposits during demonetization period, this Court is of the opinion that even if the reply now sought to be relied upon by the petitioner was taken into account, notice u/s 148 of the Act was called for – as a prima facie case of escapement of income was made out. - HC en-us Fri, 16 Sep 2022 18:18:40 +0530 Fri, 16 Sep 2022 18:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65667 Reopening of assessment u/s 147 - cash deposits during demonetization period - in view of the allegation of cash deposits during demonetization period, this Court is of the opinion that even if the reply now sought to be relied upon by the petitioner was taken into account, notice u/s 148 of the Act was called for – as a prima facie case of escapement of income was made out. - HC Highlights Income Tax Fri, 16 Sep 2022 18:18:40 +0530 https://www.taxtmi.com/highlights?id=65667