https://www.taxtmi.com/caselaws?id=459080 ITAT Mumbai dismissed the assessee's appeal challenging reassessment under section 147. The court held that the AO had proper jurisdiction as Central Circle-39 was merely renamed to Central Circle-6(4) without jurisdictional change, and no notice under section 129 was required. The section 148 notice issued on 31/03/2017 was within the prescribed time limit under section 149, and service through speed post and email was valid. PCIT's approval under section 151 was sufficient despite being brief. The addition of unexplained cash credits under section 68 was upheld as the assessee failed to explain deposits from dubious entities identified during investigation. en-us Wed, 03 Jan 2024 00:00:00 +0530 Tue, 26 Nov 2024 17:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459080 ITAT Mumbai dismissed the assessee's appeal challenging reassessment under section 147. The court held that the AO had proper jurisdiction as Central Circle-39 was merely renamed to Central Circle-6(4) without jurisdictional change, and no notice under section 129 was required. The section 148 notice issued on 31/03/2017 was within the prescribed time limit under section 149, and service through speed post and email was valid. PCIT's approval under section 151 was sufficient despite being brief. The addition of unexplained cash credits under section 68 was upheld as the assessee failed to explain deposits from dubious entities identified during investigation. Case-Laws Income Tax Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459080