https://www.taxtmi.com/caselaws?id=786169 Where a belated return filed in response to a notice under inquiry provision was treated by the assessing officer as invalid and showcause notices warned that assessment would be completed as a summary assessment, the requirement to issue a further notice under the regular assessment provision was not mandatory and the summary assessment under that provision was held valid. On unexplained cash deposits the assessee partly discharged the onus but some deposits remained unexplained; a protective lumpsum addition of Rs.2 lakh was made. Additions were directed to be taxed under normal provisions rather than the special higher rate provision, following higher court precedent. en-us Wed, 04 Feb 2026 00:00:00 +0530 Sat, 07 Feb 2026 07:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786169 Where a belated return filed in response to a notice under inquiry provision was treated by the assessing officer as invalid and showcause notices warned that assessment would be completed as a summary assessment, the requirement to issue a further notice under the regular assessment provision was not mandatory and the summary assessment under that provision was held valid. On unexplained cash deposits the assessee partly discharged the onus but some deposits remained unexplained; a protective lumpsum addition of Rs.2 lakh was made. Additions were directed to be taxed under normal provisions rather than the special higher rate provision, following higher court precedent. Case-Laws Income Tax Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786169