https://www.taxtmi.com/caselaws?id=786990 Deletion of addition treated as unexplained cash credit was ordered where contemporaneous sales, stock registers, VAT returns and purchase records satisfactorily explained cash deposits and the AO relied only on missing PAN details without identifying specific book defects; consequential special tax-rate issue became academic upon deletion. Separately, reassessment proceedings initiated beyond three years were held invalid because prior approval was obtained from an authority not specified by statute, and that jurisdictional defect vitiated the notice under reassessment and all consequential orders. en-us Fri, 20 Feb 2026 00:00:00 +0530 Tue, 24 Feb 2026 08:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786990 Deletion of addition treated as unexplained cash credit was ordered where contemporaneous sales, stock registers, VAT returns and purchase records satisfactorily explained cash deposits and the AO relied only on missing PAN details without identifying specific book defects; consequential special tax-rate issue became academic upon deletion. Separately, reassessment proceedings initiated beyond three years were held invalid because prior approval was obtained from an authority not specified by statute, and that jurisdictional defect vitiated the notice under reassessment and all consequential orders. Case-Laws Income Tax Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786990