https://www.taxtmi.com/caselaws?id=772998 AT allowed appeals involving tax reassessment for AYs 2011-12 and 2017-18. The tribunal set aside additions under section 68 for unexplained cash deposits, directing AO to provide assessee another opportunity to explain bank credits. While finding jurisdictional validity of reassessment, the tribunal emphasized procedural fairness. Cost of Rs. 10,000 was imposed on assessee for non-compliance before lower authorities. Matter remanded for fresh adjudication with permission to produce additional evidence. en-us Thu, 24 Apr 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772998 AT allowed appeals involving tax reassessment for AYs 2011-12 and 2017-18. The tribunal set aside additions under section 68 for unexplained cash deposits, directing AO to provide assessee another opportunity to explain bank credits. While finding jurisdictional validity of reassessment, the tribunal emphasized procedural fairness. Cost of Rs. 10,000 was imposed on assessee for non-compliance before lower authorities. Matter remanded for fresh adjudication with permission to produce additional evidence. Case-Laws Income Tax Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772998