https://www.taxtmi.com/caselaws?id=779229 Reassessment under the Income-tax Act was found unsustainable where the recorded reasons for reopening were based on cash deposits in the bank account, but the completed assessment made an addition only for unsecured loans. The jurisdictional link between the material relied on for reopening and the addition ultimately made was not established, so the reopening could not be sustained. The reassessment was therefore quashed in favour of the assessee. en-us Mon, 20 Jan 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779229 Reassessment under the Income-tax Act was found unsustainable where the recorded reasons for reopening were based on cash deposits in the bank account, but the completed assessment made an addition only for unsecured loans. The jurisdictional link between the material relied on for reopening and the addition ultimately made was not established, so the reopening could not be sustained. The reassessment was therefore quashed in favour of the assessee. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779229