https://www.taxtmi.com/caselaws?id=793598 Reassessment jurisdiction remained valid because the earlier scrutiny proceedings had been dropped following CBDT communication on invalid returns, and participation without a timely service objection triggered deemed service under section 292BB. Cash deposits were not treated as unexplained money under section 69A where substantial withdrawals from the same account shortly beforehand were not shown to have been spent or diverted. The cost-of-improvement claim in computing long-term capital gains required factual verification because the property descriptions indicated possible intervening construction. Penalties linked to the deleted cash-deposit addition and remanded capital-gains issue were vacated, while the penalty connected with the sustained addition remained unaffected. en-us Wed, 17 Jun 2026 00:00:00 +0530 Fri, 19 Jun 2026 08:24:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793598 Reassessment jurisdiction remained valid because the earlier scrutiny proceedings had been dropped following CBDT communication on invalid returns, and participation without a timely service objection triggered deemed service under section 292BB. Cash deposits were not treated as unexplained money under section 69A where substantial withdrawals from the same account shortly beforehand were not shown to have been spent or diverted. The cost-of-improvement claim in computing long-term capital gains required factual verification because the property descriptions indicated possible intervening construction. Penalties linked to the deleted cash-deposit addition and remanded capital-gains issue were vacated, while the penalty connected with the sustained addition remained unaffected. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793598