https://www.taxtmi.com/caselaws?id=470625 A jurisdictional challenge to reassessment is described as incapable of being defeated by waiver, acquiescence or estoppel, requiring merits-based consideration where it was not adjudicated at the first appellate stage. The note further addresses unsecured loans: repayment through banking channels, accepted by the Department and supported by transaction evidence, may preclude an unexplained cash-credit addition where evidentiary requirements are met. Mere prolonged non-repayment of outstanding loans is stated to be insufficient for such an addition without examining identity, creditworthiness and genuineness, or considering possible cessation-of-liability provisions. The repaid-loan relief is described as intact, while reassessment and outstanding-loan issues require fresh determination. en-us Mon, 24 Mar 2025 00:00:00 +0530 Sat, 01 Aug 2026 19:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470625 A jurisdictional challenge to reassessment is described as incapable of being defeated by waiver, acquiescence or estoppel, requiring merits-based consideration where it was not adjudicated at the first appellate stage. The note further addresses unsecured loans: repayment through banking channels, accepted by the Department and supported by transaction evidence, may preclude an unexplained cash-credit addition where evidentiary requirements are met. Mere prolonged non-repayment of outstanding loans is stated to be insufficient for such an addition without examining identity, creditworthiness and genuineness, or considering possible cessation-of-liability provisions. The repaid-loan relief is described as intact, while reassessment and outstanding-loan issues require fresh determination. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470625