https://www.taxtmi.com/caselaws?id=788360 Reopening under section 147/148 was held invalid because the recorded reasons and administrative approval proceeded on the erroneous factual premise that no return had been filed, vitiating jurisdiction and quashing reassessment. On merits, the assessee discharged the primary documentary onus regarding unexplained cash credits and pre operative expenditure by producing confirmations, PAN/Bank/ledger records and repayment evidence; the department failed to adducing cogent contradictory evidence, so additions as unexplained cash credits and unexplained expenditure were deleted and relief granted to the assessee. en-us Mon, 16 Mar 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788360 Reopening under section 147/148 was held invalid because the recorded reasons and administrative approval proceeded on the erroneous factual premise that no return had been filed, vitiating jurisdiction and quashing reassessment. On merits, the assessee discharged the primary documentary onus regarding unexplained cash credits and pre operative expenditure by producing confirmations, PAN/Bank/ledger records and repayment evidence; the department failed to adducing cogent contradictory evidence, so additions as unexplained cash credits and unexplained expenditure were deleted and relief granted to the assessee. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788360