https://www.taxtmi.com/caselaws?id=781824 ITAT upheld the validity of reassessment, holding that reopening was justified since the assessee had not filed a return and the AO possessed information of substantial cash deposits exceeding Rs. 20,45,000 in the savings account. On merits, the Tribunal found that the cash deposits used for purchase of demand drafts paid to the Excise Department were explained through corroborated evidence, including bank statements and confirmation from the assessee's brother; the addition on this account was deleted. Regarding salary income, ITAT observed discrepancies between Form 16, Form 26AS, and the AO's computation, and remanded the issue to the AO for fresh examination and proper allowance of statutory deductions and TDS. en-us Wed, 24 Sep 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781824 ITAT upheld the validity of reassessment, holding that reopening was justified since the assessee had not filed a return and the AO possessed information of substantial cash deposits exceeding Rs. 20,45,000 in the savings account. On merits, the Tribunal found that the cash deposits used for purchase of demand drafts paid to the Excise Department were explained through corroborated evidence, including bank statements and confirmation from the assessee's brother; the addition on this account was deleted. Regarding salary income, ITAT observed discrepancies between Form 16, Form 26AS, and the AO's computation, and remanded the issue to the AO for fresh examination and proper allowance of statutory deductions and TDS. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781824