https://www.taxtmi.com/caselaws?id=774169 Reassessment under section 147 was treated as validly initiated where the assessee did not file a return and the material furnished before the Assessing Officer was found unsatisfactory. As no particulars of business turnover, sales, purchases or business expenses were produced before the first appellate authority or the Tribunal, the reassessment procedure, including the order under section 148A(d) and notice under section 148, was held to have been followed in accordance with law. In the absence of any return in response to the notice, the Assessing Officer was justified in making a best judgment assessment under section 144, and the addition relating to cash deposits was not disturbed. en-us Mon, 26 May 2025 00:00:00 +0530 Fri, 04 Jul 2025 08:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774169 Reassessment under section 147 was treated as validly initiated where the assessee did not file a return and the material furnished before the Assessing Officer was found unsatisfactory. As no particulars of business turnover, sales, purchases or business expenses were produced before the first appellate authority or the Tribunal, the reassessment procedure, including the order under section 148A(d) and notice under section 148, was held to have been followed in accordance with law. In the absence of any return in response to the notice, the Assessing Officer was justified in making a best judgment assessment under section 144, and the addition relating to cash deposits was not disturbed. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774169