https://www.taxtmi.com/caselaws?id=798758 Reopening and reassessment based on alleged unexplained bank credits require consideration of the taxpayer's detailed explanation and supporting evidence on the source and purpose of each receipt. A principal credit claimed to arise from jewellery sales and transfers claimed to have been received from overseas relatives for construction expenses cannot be treated as undisclosed income merely on the premise that no explanation was furnished. Fresh consideration of the response and documents is required before determining taxability, with all related questions remaining open. en-us Tue, 25 Aug 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798758 Reopening and reassessment based on alleged unexplained bank credits require consideration of the taxpayer's detailed explanation and supporting evidence on the source and purpose of each receipt. A principal credit claimed to arise from jewellery sales and transfers claimed to have been received from overseas relatives for construction expenses cannot be treated as undisclosed income merely on the premise that no explanation was furnished. Fresh consideration of the response and documents is required before determining taxability, with all related questions remaining open. Case-Laws Income Tax Tue, 25 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798758