https://www.taxtmi.com/caselaws?id=466946 Reopening assessments must be founded on correct facts and a bona fide formation of belief by the officer and sanctioning authority; where reasons recorded and approval are mechanically repeated, factually incorrect, unverified or show no application of mind, reassessment is void and will be quashed. Separately, unexplained cash claims must be tested against admissible documentary evidence and the assessee bears the onus to prove source; where bank records, gift deed and earlier return satisfactorily explain deposits, additions under unexplained money principles are not sustainable. en-us Wed, 12 Feb 2025 00:00:00 +0530 Thu, 26 Feb 2026 14:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466946 Reopening assessments must be founded on correct facts and a bona fide formation of belief by the officer and sanctioning authority; where reasons recorded and approval are mechanically repeated, factually incorrect, unverified or show no application of mind, reassessment is void and will be quashed. Separately, unexplained cash claims must be tested against admissible documentary evidence and the assessee bears the onus to prove source; where bank records, gift deed and earlier return satisfactorily explain deposits, additions under unexplained money principles are not sustainable. Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466946