https://www.taxtmi.com/caselaws?id=467791 An addition for alleged on-money payment and unexplained investment in flats could not be sustained where it rested only on third-party search material and a statement, without direct corroborative evidence linking the assessee to any cash payment and without allowing cross-examination. Documentary evidence showing cheque payments, allotment letters and transfer of allotments supported the assessee's case. Reopening of assessment was also invalid because notice under section 148 was issued to an old address despite updated records, and effective service was not established. Mere issuance of notice was insufficient, so the reassessment could not stand. en-us Tue, 31 May 2022 00:00:00 +0530 Fri, 03 Apr 2026 11:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467791 An addition for alleged on-money payment and unexplained investment in flats could not be sustained where it rested only on third-party search material and a statement, without direct corroborative evidence linking the assessee to any cash payment and without allowing cross-examination. Documentary evidence showing cheque payments, allotment letters and transfer of allotments supported the assessee's case. Reopening of assessment was also invalid because notice under section 148 was issued to an old address despite updated records, and effective service was not established. Mere issuance of notice was insufficient, so the reassessment could not stand. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467791