https://www.taxtmi.com/caselaws?id=764327 The ITAT Mumbai dismissed the AO's reopening of assessment under section 147 for unexplained cash additions under section 69. The tribunal found that the AO failed to record proper reasons for reopening, did not dispose of the assessee's objections, and made additions solely based on unauthenticated seized documents and statements without sharing incriminating evidence or providing cross-examination opportunities. Following its own precedent, the tribunal noted the AO failed to establish specific linkage between seized entries and the assessee, ruling in favor of the assessee. en-us Mon, 06 Jan 2025 00:00:00 +0530 Wed, 08 Jan 2025 08:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764327 The ITAT Mumbai dismissed the AO's reopening of assessment under section 147 for unexplained cash additions under section 69. The tribunal found that the AO failed to record proper reasons for reopening, did not dispose of the assessee's objections, and made additions solely based on unauthenticated seized documents and statements without sharing incriminating evidence or providing cross-examination opportunities. Following its own precedent, the tribunal noted the AO failed to establish specific linkage between seized entries and the assessee, ruling in favor of the assessee. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764327