https://www.taxtmi.com/caselaws?id=756008 ITAT Mumbai allowed the assessee's appeal against reopening of assessment under section 147. The tribunal held that the department's reasons for reopening were unverified and vague. The assessee had fully participated in proceedings before CIT(A) and furnished all relevant information regarding bank account credits. The reopening was found to be time-barred and liable to be quashed. On merits, the assessee successfully discharged the burden of proof. The appeal was fully allowed. en-us Mon, 22 Jul 2024 00:00:00 +0530 Thu, 25 Jul 2024 08:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756008 ITAT Mumbai allowed the assessee's appeal against reopening of assessment under section 147. The tribunal held that the department's reasons for reopening were unverified and vague. The assessee had fully participated in proceedings before CIT(A) and furnished all relevant information regarding bank account credits. The reopening was found to be time-barred and liable to be quashed. On merits, the assessee successfully discharged the burden of proof. The appeal was fully allowed. Case-Laws Income Tax Mon, 22 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756008