https://www.taxtmi.com/caselaws?id=792958 Reassessment validity is tested on the material available at the time of reopening, not on later assessment results; on that basis, reopening beyond three years was upheld because the Assessing Officer had information of a non-filer's property purchase and cash deposits. The cash deposits were treated as unexplained investment under section 69 because the explanation of consultancy income and husband's funds lacked support, but limited relief was granted on a pragmatic view of available cash in hand. The addition was therefore sustained only in part, with relief allowed to the extent of the accepted cash availability. en-us Fri, 15 May 2026 00:00:00 +0530 Sat, 06 Jun 2026 08:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792958 Reassessment validity is tested on the material available at the time of reopening, not on later assessment results; on that basis, reopening beyond three years was upheld because the Assessing Officer had information of a non-filer's property purchase and cash deposits. The cash deposits were treated as unexplained investment under section 69 because the explanation of consultancy income and husband's funds lacked support, but limited relief was granted on a pragmatic view of available cash in hand. The addition was therefore sustained only in part, with relief allowed to the extent of the accepted cash availability. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792958