https://www.taxtmi.com/caselaws?id=428758 The High Court dismissed the writ appeal challenging the reassessment proceedings based on alleged unexplained income under Section 68 of the Income Tax Act. The court held that the assessing officer had valid grounds to reopen the assessment, considering cash deposits made by another individual that were later transferred to the appellant. The court emphasized that factual disputes should be addressed through the appellate process rather than in a writ petition, upholding the dismissal and directing the appellant to file a statutory appeal for further review. en-us Thu, 25 Aug 2022 00:00:00 +0530 Mon, 10 Oct 2022 20:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428758 The High Court dismissed the writ appeal challenging the reassessment proceedings based on alleged unexplained income under Section 68 of the Income Tax Act. The court held that the assessing officer had valid grounds to reopen the assessment, considering cash deposits made by another individual that were later transferred to the appellant. The court emphasized that factual disputes should be addressed through the appellate process rather than in a writ petition, upholding the dismissal and directing the appellant to file a statutory appeal for further review. Case-Laws Income Tax Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428758