https://www.taxtmi.com/caselaws?id=790183 Section 69A is stated to apply only where unexplained money is found outside the books and the assessee fails to offer a satisfactory explanation. On the facts discussed, bank credits supported by books, confirmations, PAN details, returns and other documents were treated as explained, so the addition was described as unsustainable. The note also states that reassessment under sections 147 and 148 cannot rest on materially incorrect foundational information. Where reopening was based on wrong bank account particulars and incorrect credit details, the notice and reassessment were described as invalid. en-us Mon, 06 Apr 2026 00:00:00 +0530 Tue, 21 Apr 2026 08:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790183 Section 69A is stated to apply only where unexplained money is found outside the books and the assessee fails to offer a satisfactory explanation. On the facts discussed, bank credits supported by books, confirmations, PAN details, returns and other documents were treated as explained, so the addition was described as unsustainable. The note also states that reassessment under sections 147 and 148 cannot rest on materially incorrect foundational information. Where reopening was based on wrong bank account particulars and incorrect credit details, the notice and reassessment were described as invalid. Case-Laws Income Tax Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790183