https://www.taxtmi.com/caselaws?id=792121 Reassessment based on cash deposits and time deposits could not be used to sustain a separate disallowance of deduction under section 80P when no addition was made on the recorded reasons for reopening. The assessment accepted the explanation for the deposits, so the original basis for reassessment did not survive. In that situation, an independent addition on an unrelated issue was impermissible. The disallowance of deduction under section 80P was therefore deleted in favour of the assessee, and the addition was set aside. en-us Tue, 21 Apr 2026 00:00:00 +0530 Fri, 22 May 2026 15:01:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792121 Reassessment based on cash deposits and time deposits could not be used to sustain a separate disallowance of deduction under section 80P when no addition was made on the recorded reasons for reopening. The assessment accepted the explanation for the deposits, so the original basis for reassessment did not survive. In that situation, an independent addition on an unrelated issue was impermissible. The disallowance of deduction under section 80P was therefore deleted in favour of the assessee, and the addition was set aside. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792121