https://www.taxtmi.com/caselaws?id=769012 Delhi HC set aside the assessment reopening notice u/s 147 and order u/s 148A(d). The assessee successfully explained TCS collections related to liquor purchases, cash deposits during demonetization as sale proceeds, and time deposits. The AO initially accepted these explanations. However, the court found the AO's subsequent order traveled beyond the information provided to the assessee in the notice u/s 148A(b), denying the assessee opportunity to respond to new allegations about disproportionate cash deposits compared to previous years. en-us Tue, 15 Apr 2025 00:00:00 +0530 Thu, 17 Apr 2025 08:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769012 Delhi HC set aside the assessment reopening notice u/s 147 and order u/s 148A(d). The assessee successfully explained TCS collections related to liquor purchases, cash deposits during demonetization as sale proceeds, and time deposits. The AO initially accepted these explanations. However, the court found the AO's subsequent order traveled beyond the information provided to the assessee in the notice u/s 148A(b), denying the assessee opportunity to respond to new allegations about disproportionate cash deposits compared to previous years. Case-Laws Income Tax Tue, 15 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769012