https://www.taxtmi.com/caselaws?id=793876 Reassessment validity was upheld because the notice under section 148A(b) and subsequent proceedings were treated as a continuation of the same reassessment process, with time spent in court proceedings excluded for limitation and approval under section 151 found valid. On section 68, the assessee's failure to furnish basic creditor and lender details justified verification, but opening balances cannot be added if duly proved; the matter was remitted for fresh examination where bifurcation was unclear. Unreconciled sundry debtor entries linked to survey materials were treated as unrecorded business receipts, with only the profit element estimated. A separate addition of survey income already covered by the same discrepancy was deleted as duplicative. en-us Wed, 29 Apr 2026 00:00:00 +0530 Thu, 25 Jun 2026 08:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793876 Reassessment validity was upheld because the notice under section 148A(b) and subsequent proceedings were treated as a continuation of the same reassessment process, with time spent in court proceedings excluded for limitation and approval under section 151 found valid. On section 68, the assessee's failure to furnish basic creditor and lender details justified verification, but opening balances cannot be added if duly proved; the matter was remitted for fresh examination where bifurcation was unclear. Unreconciled sundry debtor entries linked to survey materials were treated as unrecorded business receipts, with only the profit element estimated. A separate addition of survey income already covered by the same discrepancy was deleted as duplicative. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793876