https://www.taxtmi.com/caselaws?id=781588 ITAT (Pune) upheld the assessment. The Tribunal held the assessment valid despite the new AO not issuing a fresh s.143(2) notice because the assessee never challenged jurisdiction post-transfer and participated in proceedings. An addition under s.69A for demonetisation-period cash deposits was sustained except for verification of Rs.5,40,450, since the assessee failed to substantiate availability of Rs.9,59,833. A further addition for low gross profit was confirmed, the AO's adopted GP rate of 10% being upheld due to lack of purchase/MRP and margin details. en-us Mon, 27 Oct 2025 00:00:00 +0530 Sat, 15 Nov 2025 13:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781588 ITAT (Pune) upheld the assessment. The Tribunal held the assessment valid despite the new AO not issuing a fresh s.143(2) notice because the assessee never challenged jurisdiction post-transfer and participated in proceedings. An addition under s.69A for demonetisation-period cash deposits was sustained except for verification of Rs.5,40,450, since the assessee failed to substantiate availability of Rs.9,59,833. A further addition for low gross profit was confirmed, the AO's adopted GP rate of 10% being upheld due to lack of purchase/MRP and margin details. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781588