https://www.taxtmi.com/caselaws?id=437075 The case involved the reopening of assessment under Section 147 based on cash deposits in the assessee's bank accounts. The Assessing Officer issued a notice under Section 148, leading to the addition of unexplained income. The assessee challenged the validity of the reopening and notice, as well as the assessment of unexplained income. The legal issues raised were upheld, emphasizing the importance of applying natural justice principles in tax assessments. Both appeals were allowed without delving into the specifics of the cash deposits, highlighting procedural deficiencies in the assessment process. en-us Wed, 29 Mar 2023 00:00:00 +0530 Wed, 26 Apr 2023 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437075 The case involved the reopening of assessment under Section 147 based on cash deposits in the assessee's bank accounts. The Assessing Officer issued a notice under Section 148, leading to the addition of unexplained income. The assessee challenged the validity of the reopening and notice, as well as the assessment of unexplained income. The legal issues raised were upheld, emphasizing the importance of applying natural justice principles in tax assessments. Both appeals were allowed without delving into the specifics of the cash deposits, highlighting procedural deficiencies in the assessment process. Case-Laws Income Tax Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437075