https://www.taxtmi.com/caselaws?id=786015 Reopening of assessment addressed alleged unexplained funds and an addition under the valuation provisions for the gap between stamp duty value and consideration; the assessee, a nonfiler and nonresident, failed to substantiate a prior payment of Rs.7,00,000. The appellate officer had disposed for nonprosecution without adjudicating merits; the document finds procedural shortcomings (no questioning on the valuation difference, lack of enquiries into payment dates and bank records) and directs restoration to the assessing officer for fresh adjudication and an opportunity to substantiate source of payment and explain the stamp duty/transaction value difference, noting that the difference is under 10%. en-us Mon, 02 Feb 2026 00:00:00 +0530 Wed, 04 Feb 2026 08:24:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786015 Reopening of assessment addressed alleged unexplained funds and an addition under the valuation provisions for the gap between stamp duty value and consideration; the assessee, a nonfiler and nonresident, failed to substantiate a prior payment of Rs.7,00,000. The appellate officer had disposed for nonprosecution without adjudicating merits; the document finds procedural shortcomings (no questioning on the valuation difference, lack of enquiries into payment dates and bank records) and directs restoration to the assessing officer for fresh adjudication and an opportunity to substantiate source of payment and explain the stamp duty/transaction value difference, noting that the difference is under 10%. Case-Laws Income Tax Mon, 02 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786015