https://www.taxtmi.com/caselaws?id=797456 Notice under Section 143(2) is not required for reassessment where no valid return is filed under Section 139 or in response to a notice under Section 148. Exemption under Section 10(26) applies only to qualifying income computed under the Act, not to gross receipts or bank deposits; tribal status, residence documentation and GST registration alone do not establish eligible business income. Cash deposits may be assessed as unexplained money under Section 69A where the taxpayer fails to substantiate their nature and source with reliable business records, books of account, bills, vouchers or financial statements. en-us Wed, 11 Feb 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797456 Notice under Section 143(2) is not required for reassessment where no valid return is filed under Section 139 or in response to a notice under Section 148. Exemption under Section 10(26) applies only to qualifying income computed under the Act, not to gross receipts or bank deposits; tribal status, residence documentation and GST registration alone do not establish eligible business income. Cash deposits may be assessed as unexplained money under Section 69A where the taxpayer fails to substantiate their nature and source with reliable business records, books of account, bills, vouchers or financial statements. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797456