https://www.taxtmi.com/caselaws?id=469972 In reassessment proceedings, where the assessment order accepted the assessee's explanation for cash deposits and made no addition on the reopened issue, tax computation had to conform to the income actually assessed. The Tribunal held that the Revenue could not adopt an income figure different from the assessed income in the absence of a corresponding addition. The first appellate authority's order was therefore affirmed, and the Revenue's appeal failed. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 10 Jul 2026 22:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469972 In reassessment proceedings, where the assessment order accepted the assessee's explanation for cash deposits and made no addition on the reopened issue, tax computation had to conform to the income actually assessed. The Tribunal held that the Revenue could not adopt an income figure different from the assessed income in the absence of a corresponding addition. The first appellate authority's order was therefore affirmed, and the Revenue's appeal failed. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469972