https://www.taxtmi.com/caselaws?id=790183 Section 69A applies only where money is not recorded in the taxpayer's books and the taxpayer fails to provide a satisfactory explanation. Bank credits supported by books of account, bank statements, confirmations, tax records and other evidence may represent explained capital contributions, loans or advances rather than unexplained money. Reassessment under sections 147 and 148 requires specific and factually correct foundational information relating to the taxpayer. Where reopening rests on materially incorrect bank-account details or credit amounts, the reassessment initiation and notice cannot be sustained. 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 applies only where money is not recorded in the taxpayer's books and the taxpayer fails to provide a satisfactory explanation. Bank credits supported by books of account, bank statements, confirmations, tax records and other evidence may represent explained capital contributions, loans or advances rather than unexplained money. Reassessment under sections 147 and 148 requires specific and factually correct foundational information relating to the taxpayer. Where reopening rests on materially incorrect bank-account details or credit amounts, the reassessment initiation and notice cannot be sustained. Case-Laws Income Tax Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790183