https://www.taxtmi.com/caselaws?id=777228 ITAT held that reopening under s.147 and addition under s.68 were unsustainable because the impugned bank account was not linked to the assessee per the record and departmental compliance. The Tribunal found the Revenue failed to properly verify the connection, rendering the basis for reassessment and unexplained credit addition invalid. Consequently the orders of the lower authorities were set aside, the addition deleted, and the assessee's appeal allowed. en-us Thu, 09 Jan 2025 00:00:00 +0530 Wed, 27 Aug 2025 08:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777228 ITAT held that reopening under s.147 and addition under s.68 were unsustainable because the impugned bank account was not linked to the assessee per the record and departmental compliance. The Tribunal found the Revenue failed to properly verify the connection, rendering the basis for reassessment and unexplained credit addition invalid. Consequently the orders of the lower authorities were set aside, the addition deleted, and the assessee's appeal allowed. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777228