https://www.taxtmi.com/caselaws?id=789834 Timely issue of a reassessment notice under the Income-tax Act, 1961 was treated as distinct from its service: where notice is issued within limitation, jurisdiction to reopen is not defeated merely because service is alleged after the cut-off date. On the share-sale receipts added as unexplained cash credit, the Tribunal noted inadequate verification material, including missing purchase, sale, PAN and address details, but also held that the assessee should get a fresh opportunity. The matter was therefore remanded for de novo examination with liberty to draw an adverse inference if supporting evidence is not produced. en-us Fri, 20 Mar 2026 00:00:00 +0530 Wed, 15 Apr 2026 09:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789834 Timely issue of a reassessment notice under the Income-tax Act, 1961 was treated as distinct from its service: where notice is issued within limitation, jurisdiction to reopen is not defeated merely because service is alleged after the cut-off date. On the share-sale receipts added as unexplained cash credit, the Tribunal noted inadequate verification material, including missing purchase, sale, PAN and address details, but also held that the assessee should get a fresh opportunity. The matter was therefore remanded for de novo examination with liberty to draw an adverse inference if supporting evidence is not produced. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789834