https://www.taxtmi.com/caselaws?id=790236 Reassessment under sections 147 and 148 was upheld because the jurisdictional challenge to reopening failed and no material dislodged the reopening record. On the merits, unexplained bank credits under section 69A were not sustained in full: in the absence of cogent Revenue material supporting total taxation, only a reasonable estimated income element could be added. The Tribunal accepted 8% of the total credits as a fair estimation and directed deletion of the balance addition, granting partial relief to the assessee. en-us Wed, 15 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790236 Reassessment under sections 147 and 148 was upheld because the jurisdictional challenge to reopening failed and no material dislodged the reopening record. On the merits, unexplained bank credits under section 69A were not sustained in full: in the absence of cogent Revenue material supporting total taxation, only a reasonable estimated income element could be added. The Tribunal accepted 8% of the total credits as a fair estimation and directed deletion of the balance addition, granting partial relief to the assessee. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790236