https://www.taxtmi.com/caselaws?id=787477 A post enactment extension of the assessee's burden to explain the 'source of the source' for credited loans cannot be applied to an earlier assessment year; therefore notices issued under Section 148A(b), the order under Section 148A(d) and the subsequent notice under Section 148 were invalid to the extent they relied on the post amendment proviso to Section 68. The assessee had disclosed the loan and supporting bank and agreement documents in scrutiny assessment; absent retrospective application of the 2022 amendment effective from 01.04.2023, statutory preconditions for reopening and notice issuance were not met, leading to quashing of the impugned actions. en-us Thu, 19 Feb 2026 00:00:00 +0530 Fri, 06 Mar 2026 08:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787477 A post enactment extension of the assessee's burden to explain the 'source of the source' for credited loans cannot be applied to an earlier assessment year; therefore notices issued under Section 148A(b), the order under Section 148A(d) and the subsequent notice under Section 148 were invalid to the extent they relied on the post amendment proviso to Section 68. The assessee had disclosed the loan and supporting bank and agreement documents in scrutiny assessment; absent retrospective application of the 2022 amendment effective from 01.04.2023, statutory preconditions for reopening and notice issuance were not met, leading to quashing of the impugned actions. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787477