https://www.taxtmi.com/caselaws?id=773596 ITAT Hyderabad upheld the validity of assessment reopening based on information regarding immovable property transactions, rejecting the assessee's challenge due to non-filing of income tax return and lack of supporting evidence. Regarding unexplained investment, while CIT(A) confirmed additions after finding cash deposits in creditors' accounts prior to payments, ITAT remanded the matter to AO for verification of additional evidence including confirmations and identity proofs of loan creditors submitted by the assessee, directing proper examination before deciding the issue. en-us Thu, 19 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773596 ITAT Hyderabad upheld the validity of assessment reopening based on information regarding immovable property transactions, rejecting the assessee's challenge due to non-filing of income tax return and lack of supporting evidence. Regarding unexplained investment, while CIT(A) confirmed additions after finding cash deposits in creditors' accounts prior to payments, ITAT remanded the matter to AO for verification of additional evidence including confirmations and identity proofs of loan creditors submitted by the assessee, directing proper examination before deciding the issue. Case-Laws Income Tax Thu, 19 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773596