https://www.taxtmi.com/caselaws?id=470473 The higher tax rate introduced from 1 April 2017 applies prospectively and does not govern undisclosed-income cash deposits made during financial year 2016-17. Tax treatment of those deposits remains governed by the law then in force. Where additional evidence concerning the source and taxability of disputed cash deposits is admitted, the addition and enhancement require fresh adjudication after examination of that evidence and an effective opportunity of hearing. The Assessing Officer must redetermine the cash-deposit issues on the expanded evidentiary record. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 28 Jul 2026 19:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470473 The higher tax rate introduced from 1 April 2017 applies prospectively and does not govern undisclosed-income cash deposits made during financial year 2016-17. Tax treatment of those deposits remains governed by the law then in force. Where additional evidence concerning the source and taxability of disputed cash deposits is admitted, the addition and enhancement require fresh adjudication after examination of that evidence and an effective opportunity of hearing. The Assessing Officer must redetermine the cash-deposit issues on the expanded evidentiary record. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470473