https://www.taxtmi.com/caselaws?id=758034 The ITAT Ahmedabad dismissed challenges to assessment reopening, holding that transfer of jurisdiction under Section 127 requires no communication to assessee as it involves internal administrative transfer, and the assessing officer possessed valid jurisdiction. The contention regarding review of original assessment was rejected as the officer addressed different issues while recording reasons for reopening. The absence of proper sanction under Section 151 was deemed non-objectionable since assessee failed to raise timely objections. However, the addition under Section 68 for unexplained cash credits was deleted, as assessee adequately established identity, genuineness, and creditworthiness of creditors through documentary evidence including ITR, confirmations, and loan repayment details. en-us Tue, 30 Jul 2024 00:00:00 +0530 Thu, 05 Sep 2024 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758034 The ITAT Ahmedabad dismissed challenges to assessment reopening, holding that transfer of jurisdiction under Section 127 requires no communication to assessee as it involves internal administrative transfer, and the assessing officer possessed valid jurisdiction. The contention regarding review of original assessment was rejected as the officer addressed different issues while recording reasons for reopening. The absence of proper sanction under Section 151 was deemed non-objectionable since assessee failed to raise timely objections. However, the addition under Section 68 for unexplained cash credits was deleted, as assessee adequately established identity, genuineness, and creditworthiness of creditors through documentary evidence including ITR, confirmations, and loan repayment details. Case-Laws Income Tax Tue, 30 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758034