https://www.taxtmi.com/caselaws?id=309026 Reopening of assessment was sustained for unexplained cash deposits in specified bank accounts because the assessing officer retained an independent reason to believe; reassessment jurisdiction is not ousted by appellate modification undertaken on a different source of income. The return did not disclose the contested bank deposits, and the reassessment notice was issued within the fouryear window, so statutory procedural requirements were met. The article reiterates that taxpayers cannot bypass statutory assessment/reassessment mechanisms by seeking writ relief and that tax objections must be pursued before the designated appellate authorities; writ petitions were therefore dismissed with liberty to prosecute appeals. en-us Fri, 22 Jul 2022 00:00:00 +0530 Tue, 03 Feb 2026 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309026 Reopening of assessment was sustained for unexplained cash deposits in specified bank accounts because the assessing officer retained an independent reason to believe; reassessment jurisdiction is not ousted by appellate modification undertaken on a different source of income. The return did not disclose the contested bank deposits, and the reassessment notice was issued within the fouryear window, so statutory procedural requirements were met. The article reiterates that taxpayers cannot bypass statutory assessment/reassessment mechanisms by seeking writ relief and that tax objections must be pursued before the designated appellate authorities; writ petitions were therefore dismissed with liberty to prosecute appeals. Case-Laws Income Tax Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309026