https://www.taxtmi.com/caselaws?id=794895 Section 144C(1) may apply where an assessee is factually a non-resident, even if the assessment order incorrectly records resident status; the status entry does not alter the assessee's actual character for the draft assessment mechanism. Ex parte proceedings under Section 144, following reassessment notices under Sections 147, 148A(b), 148A(d) and 148, may require fresh examination where the assessee has not explained the source of investments and related credits. Additions concerning unexplained investments, time deposits, foreign currency purchases and interest credits should therefore be reconsidered through de novo adjudication after a reasonable opportunity to present the source explanation. en-us Mon, 08 Jun 2026 00:00:00 +0530 Tue, 14 Jul 2026 08:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794895 Section 144C(1) may apply where an assessee is factually a non-resident, even if the assessment order incorrectly records resident status; the status entry does not alter the assessee's actual character for the draft assessment mechanism. Ex parte proceedings under Section 144, following reassessment notices under Sections 147, 148A(b), 148A(d) and 148, may require fresh examination where the assessee has not explained the source of investments and related credits. Additions concerning unexplained investments, time deposits, foreign currency purchases and interest credits should therefore be reconsidered through de novo adjudication after a reasonable opportunity to present the source explanation. Case-Laws Income Tax Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794895