https://www.taxtmi.com/caselaws?id=794601 A reassessment notice under section 148 was issued within the limitation period under section 149, so the time-bar objection failed and the notice was upheld. On merits, the addition under section 69A was deleted because the assessee produced books of account and supporting evidence showing that the receipts were accounted business sales, and the Tribunal found the Assessing Officer had not properly considered that documentary record. The case therefore resulted in partial relief: limitation did not invalidate the reassessment, but the impugned addition was unsustainable and was set aside. en-us Thu, 25 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794601 A reassessment notice under section 148 was issued within the limitation period under section 149, so the time-bar objection failed and the notice was upheld. On merits, the addition under section 69A was deleted because the assessee produced books of account and supporting evidence showing that the receipts were accounted business sales, and the Tribunal found the Assessing Officer had not properly considered that documentary record. The case therefore resulted in partial relief: limitation did not invalidate the reassessment, but the impugned addition was unsustainable and was set aside. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794601