https://www.taxtmi.com/caselaws?id=790057 Reassessment under section 147 cannot be sustained where the recorded reasons proceed on the premise that no return was filed, although a return had already been furnished and processed, and where the reopening relies on unrelated later cash-deposit information without material linking it to the earlier transactions. On the merits, sale receipts supported by invoices, stock records and banking entries cannot be treated as unexplained income when the sales have already been credited in the accounts and offered to tax; in that situation, an estimated commission addition also fails for want of evidentiary support. The reassessment was quashed and the addition deleted. en-us Wed, 15 Apr 2026 00:00:00 +0530 Sat, 18 Apr 2026 08:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790057 Reassessment under section 147 cannot be sustained where the recorded reasons proceed on the premise that no return was filed, although a return had already been furnished and processed, and where the reopening relies on unrelated later cash-deposit information without material linking it to the earlier transactions. On the merits, sale receipts supported by invoices, stock records and banking entries cannot be treated as unexplained income when the sales have already been credited in the accounts and offered to tax; in that situation, an estimated commission addition also fails for want of evidentiary support. The reassessment was quashed and the addition deleted. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790057