https://www.taxtmi.com/caselaws?id=464448 ITAT MUMBAI dismissed the assessee's appeal, holding the unexplained cash credit addition could not be made in the year under review because share application money was received in earlier years and shares were allotted in the assessment year. The tribunal upheld the CIT(A)'s direction that the AO examine receipts by reopening assessments for the relevant earlier years, noting the AO may reopen those years under the relevant statutory provision. en-us Tue, 18 Jun 2024 00:00:00 +0530 Thu, 30 Oct 2025 20:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464448 ITAT MUMBAI dismissed the assessee's appeal, holding the unexplained cash credit addition could not be made in the year under review because share application money was received in earlier years and shares were allotted in the assessment year. The tribunal upheld the CIT(A)'s direction that the AO examine receipts by reopening assessments for the relevant earlier years, noting the AO may reopen those years under the relevant statutory provision. Case-Laws Income Tax Tue, 18 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464448