https://www.taxtmi.com/caselaws?id=467048 Reopening of assessment under Section 148 was held unsustainable where documentary records (HUF financial statements, cash book, cash flow statement and bank statements) prima facie showed the deposits attributable to HUF business; the matter was remitted to the AO for verification and the reopening could not alone sustain an addition. Similarly, an unexplained-money addition in the individual assessment under Section 69A was directed deleted if the AO's verification confirms the cash flow reconciliation and supporting bank records showing the deposits pertain to HUF operations. en-us Fri, 21 Feb 2025 00:00:00 +0530 Tue, 03 Mar 2026 17:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467048 Reopening of assessment under Section 148 was held unsustainable where documentary records (HUF financial statements, cash book, cash flow statement and bank statements) prima facie showed the deposits attributable to HUF business; the matter was remitted to the AO for verification and the reopening could not alone sustain an addition. Similarly, an unexplained-money addition in the individual assessment under Section 69A was directed deleted if the AO's verification confirms the cash flow reconciliation and supporting bank records showing the deposits pertain to HUF operations. Case-Laws Income Tax Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467048